President Biden's Student Loan Bailout Scheme Continues

Wednesday, President Biden announced that he "canceled" $1.2 billion in student debt. In reality, this is an unconstitutional bailout and the debt is not canceled or forgiven—it will be paid for by hardworking American taxpayers. The latest announcement has rightly led to some confusion, considering the Supreme Court ruled in June of 2023 that the Biden administration overstepped its authority through the Administration's first attempt to "cancel" up to $400 billion in student loans.

President Biden is attempting to get around the ruling of the Supreme Court with a NEW plan to bail out student loans known as the Saving on a Valuable Education (SAVE) Plan. I proudly voted with the House of Representatives to block the implementation of SAVE in December 2023. Unfortunately, the legislation was never taken up by the Democrat-controlled Senate.

The Supreme Court already ruled that President Biden's student debt bailout schemes are unconstitutional. His decision unjustly imposes an excessive burden on hard-working American taxpayers who should not be forced to shoulder the responsibility for student debt that is not their own.

I will continue working to protect the hard-earned dollars of American taxpayers and prevent further economic strain.