Biden is Using Your Money for Mass Loan Cancelation
WASHINGTON, D.C., December 5, 2022
Despite being rebuked at multiple points, the Biden administration is continuing to make false promises to students and promoting its student loan debt scheme. While the student loan “forgiveness” scheme has been the most prominently discussed, President Biden is using executive fiat to rewrite existing loan programs, irresponsibly extend the student loan repayment pause, and much more. According to American Enterprise Institute fellow Michael Brickman, the Biden administration’s lesser-known loan actions have already added up to nearly $50 billion in cancelled loans (and rising).