I strongly oppose President Biden's proposal to force blue-collar workers in my district to pay off the student loans of borrowers who attended universities who are sitting on billion-dollar endowments. In my district, there are 599,500 constituents who are not being asked to but will be forced to pay the student loan debt that people agreed to take out. This plan is unfair to responsible Americans who have diligently worked hard and saved money to fund their education. Furthermore, it is important to acknowledge the dedication of our military members who earned tuition benefits through their service. The rising costs of higher education deserve careful examination, particularly concerning the growing number of administrative positions focused on diversity, equity, and inclusion. We must investigate the significant increase in administrative expenses that do not directly contribute to providing students with a quality education leading to meaningful employment. Universities that charge exorbitant amounts for humanities degrees in cultural Marxism should bear the responsibility when their graduates struggle to repay their loans due to a lack of viable employment opportunities. I urge my colleagues to prioritize the interest of taxpayers by opposing this proposal put forth by President Biden. Mr. Speaker, I see them laughing over there. I don't think the people that are going to be left holding the bag paying someone else's student loan debt are laughing.
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