Braun Joins Others In Attempting To Stop The Cancellation of Student Loan Debt For Many

FORT WAYNE, Ind. (WOWO):  One U.S. Senator is joining the efforts of others to put a potential stop to the cancellation of student loan debt.  On Tuesday, U.S. Senator Mike Braun joined Senators Rick Scott, Cynthia Lummis, and John Barrasso in introducing legislation to prevent the Biden administration from enacting an what he called an “overreaching, fiscally irresponsible” blanket cancellation of student loans. The Debt Cancellation Accountability Act will require the U.S. Department of Education to obtain an express appropriation from Congress to pay for any federal student loan debts the Department proposes to waive, discharge, or otherwise reduce whenever granted to two or more borrowers in an amount greater than $1,000,000, rather than on a case-by-case basis. Braun also pointed out that this move will shift the bulk of the student loan debt disproportionately that higher-earning borrowers have onto every American and will only make inflation matters worse as the public is already feeling the inflation burden in several other ways including higher prices at the gas pump and grocery store.

4 COMMENTS

  1. If they cancel student loan debt, can I send them a bill for the $72k I paid off a few years ago to get reimbursed?

  2. Student loan forgiveness is popular by both Republicans and Democrats, why fight this when thee are actual issues that need to be addressed. There are so many issues that could help everyone but thus guy is trying to stall something popular instead of helping the citizens.

  3. I’ll get onboard with canceling student debt if they pay me for what I spent and then also pay the equivalent to those that didn’t attend in the first place. I mean it’s all about equality right?

  4. Pay your bills there your responsibility. Inflation will increase as will the debt, have you people not been paying attention SPENDING IS WHAT GOT US HERE!!!

LEAVE A REPLY

Please enter your comment!
Please enter your name here