Earlier this year, President Joe Biden announced his plan to provide college borrowers with $10,000 worth of student loan forgiveness.
That proposal has proved to be controversial, however, with critics saying it’s unfair to leave taxpayers on the hook for individual choices. In response, one Republican lawmaker has moved to end it.
Fox Business reported on Sunday that Tennessee Rep. Scott DesJarlais (R) will introduce a bill prohibiting the administration from forgiving student loan debt except in accordance with the Higher Education Act of 1965.
“There’s a lot of people out there that took out loans and, you know, maybe didn’t get their dream job, but don’t pay them back,” DesJarlais was quoted as telling Fox Business.
“So to somehow decide that they no longer need to have skin in the game, it kind of disincentivizes people from succeeding, in my opinion,” the lawmaker explained.
“It may help those people who are irresponsible, but the ones that are out there working and paying taxes — now they’re going to be saddled with the burden of, if you want to call these other people’s mistakes or borrowed money management,” DesJarlais insisted.
Incentive programs possible
“There’s an awful lot of scholarship programs out there are going to have one now that you can actually go to college and trade schools for free,” the congressman pointed out.
“There can be maybe some incentive programs where you work off the debt or some of those within the government right now,” he continued.
“But just erasing somebody that because they weren’t able to handle the responsibility they took on, I think is certainly the wrong approach,” DesJarlais declared.
Radical libs complain
Interestingly, Biden is also being criticized by some members of his own party for not being generous enough when it comes to debt relief.
Astra Taylor is co-founder of the left-wing group Debt Collective, and in an op-ed written for NBC News last month, she claimed that Biden’s $10,000 proposal is “nowhere near enough.”
“Biden should be wiping out federal student loans through an executive order,” Taylor wrote, adding that offering insufficient relief will prove “disastrous.”