Cornyn Statement on Biden Student Loan Debt Cancellation Announcement
Press Release
Issues: Finance and Banking
U.S. Senator John Cornyn (R-TX) issued the following statement in response to the Biden Administration's announcement to "cancel' student loan debt, creating hundreds of billions of dollars in new federal debt:
"The Biden Administration's election-year stunt to force working class folks to pay off the debt of wealthy graduates is both indefensible and nonsensical," said Sen. Cornyn. "As inflation continues to drain the pockets of Americans, this disastrous policy would incentivize universities to raise tuition and unfairly punish those who sacrificed to pay off their own student loans."
Source