Senator Ernst criticizes student loan pay off program
March 30th, 2023 by Ric Hanson
(Radio Iowa) – Iowa Senator Joni Ernst spoke out again today (Thursday) against President Biden’s proposal to forgive student loan debt. “Why should countless Americans who made responsible financial planning decisions be forced to take on the debts of others?,” Ernst asked. She calls the plan unfair and unaffordable. “It is fanning the flames of inflation and is a driving factor in our growing federal debt,” she says.. Ernst says the plan won’t accomplish what’s needed.
“This transfer of student loan debt does nothing to address and may actually be contributing to the real issue of rising costs to attend college,” Ernst says. Ernst says her brother entered the workforce right out of college and he is an example of the people who will have to pay for the costs of others who took out loans to go to college. She says it also hurts legitimate programs.
“President Biden’s radical proposal invalidates many other successful loan forgiveness and repayment programs designed to incentivize participation in critical fields including the military, public service, and medicine,” Ernst says. Ernst says she is proud to join Republican colleagues in “working to stop this scheme.”