The Republican presidential candidates participating in the second GOP debate have criticized President Biden's plan to wipe out federal student loan debt.
Financial expert Dave Ramsey joins Neil Cavuto to discuss the student loan debt crisis and the benefit of investing in a trade.
President Biden announced a proposal more than one year ago to wipe out up to $20,000 in debt per borrower; however, the Supreme Court struck down the plan at the end of June.other efforts to reduce student loan debt, including wiping out $39 billion of debt owed by more than 804,000 borrowers whose debts have been outstanding for more than 20 years.
However, he has suggested that universities should be forced to pick up the tab if former students are unable to pay back their loans. Republican presidential candidate businessman Vivek Ramaswamy speaks to guests at the Iowa Faith & Freedom Coalition Spring Kick-Off on April 22, 2023, in Clive, Iowa.The former South Carolina governor praised the Supreme Court for striking down the president's debt forgiveness plan.
Republican presidential candidate and former Vice President Mike Pence speaks during the annual Labor Day Picnic hosted by the Salem Republican Town Committee in Salem, New Hampshire, on Sept. 4, 2023.
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