- Donald Trump Jr. criticized Biden’s plans to cancel student debt in a commentary for The Washington Post.
- He said the plans would save those with “useless degrees in gender studies”.
- Republicans are stepping up criticism of debt forgiveness as Biden approaches decision-making.
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Donald Trump Jr. is not ashamed of his thoughts that President Joe Biden could potentially forgive student debt.
“Biden essentially wants blue collars like truck drivers – who didn’t have the luxury of going to college to get drunk for four years – to save a bunch of upper-middle-class kids who chose to spend tens of thousands of dollars.” which were not considered useless degrees for gender studies, “Trump told The Washington Post.
According to the Post, Trump’s comments came after his criticism of student loan forgiveness during a rally for Senate nominee JD Vance in Ohio last month – and he joins a growing number of Republicans worried that Biden could actually cancel student debt.
The president recently said that the decision to forgive the loans will be made in the coming weeks, but it is unclear what this relief will actually look like. He said he was not considering a $ 50,000 debt reduction for each federal borrower, and although numerous reports suggested the relief could be targeted at those earning less than $ 125,000, Politico said limiting the relief was based on of income is not something that only the Ministry of Education has the ability to do.
Trump’s fears that student loan cuts will go to the rich have been repeated not only by many Republican lawmakers, but also by Biden himself.
“The idea that you go to Penn and pay a total of $ 70,000 a year and the public has to pay for it? I don’t agree,” Biden said last year.
And Virginia Fox, a senior Republican on the House Education Committee, said in a statement last month that “taxpayers are taking on $ 5 billion in student loan bills for Ivy League graduates and lawyers each month as their wallets drain from rising inflation “, referring to the cost of the long pandemic pause in loan payments, which should now expire after 31 August.
But when it comes to who will benefit from student loan benefits and how they will affect the economy, many Democrats say the opposite. A report by the Roosevelt Institute found that the relief would benefit low-income people the most, and while Treasury Secretary Janet Yellen told senators last week that the impact of forgiveness had yet to be analyzed, she said to be good for the economy “.
For now, federal student loan borrowers can expect relief to hit their account balance at some point this summer, and Democrats want to make sure it’s done right. Politico says three leading debt forgiveness voices – Senators Elizabeth Warren, Chuck Schumer and Rafael Warnock – are asking Biden to postpone the execution of a loan waiver order until they meet with him for the last time and get him there. to leave big for debt cancellation.
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