On the recordDecember 13, 2022
President Biden is turning the Federal Student Loan Program into a titanic heading straight for an iceberg. The Biden administration's changes to these programs will make a bad system worse. For starters, President Biden's sixth extension of the student loan repayment pause brings the total cost of this unjustifiable policy to $195 billion. This is foolish by every measure. Most college-educated workers were not the ones to lose their jobs during the pandemic and were able to adjust to flexible work arrangements, so why are they getting special treatment from the Biden administration? Would it be fair to force student loan borrowers to pay off the car and mortgage loans of the millions of blue-collar Americans who lost their jobs because of forced economic shutdowns? The answer is a resounding no. To add insult to injury, President Biden is falsely promising a $400 billion bailout knowing full well this illegal, disgraceful action will likely get struck down in court. Using the livelihoods of 40 million borrowers to score political points at the expense of hardworking taxpayers and the next generation of students is politics at its worst. President Biden's use of the executive pen to stab taxpayers in the back doesn't end there. Since taking office, President Biden has been canceling massive amounts of loans under the guise of ``fixing'' broken programs.…
