69 Republican lawmakers call for Biden's student-loan repayment and forgiveness proposals to be 'rescinded,' blasting them as 'blatantly illegal' and 'a smack in the face of taxpayers'
It's no secret Republican lawmakers aren't a fan of President Joe Biden's student-loan forgiveness proposals. Now, they're calling on him to throw those proposals out.
The proposed reforms would cut undergraduate student-loan payments in half and shorten the timeline to receive forgiveness, among other things, and the lawmakers wrote in the letter that Biden's"go it alone attitude on student loan repayment and forgiveness flies in the face of the Constitution, which vests all legislative power in Congress."
"Policy experts agree that the vast majority of students will never fully repay their loans under this proposal," they continued."Borrowing for college will become the default for every household, including for those who can afford to pay and otherwise would have paid out-of-pocket. This proposal is reckless, fiscally irresponsible, and blatantly illegal and, as such, it should be rescinded.
."If the Biden plan is implemented as proposed, fully repaying a student loan will be the exception rather than the rule."
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