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Cedar Rapids Today

Wednesday, December 4, 2024

Hinson Statement on Supreme Court Rejecting Biden's Student Loan Bailout Scheme

Ashleyhinson

Congresswoman Ashley Hinson | Official U.S. House headshot

Congresswoman Ashley Hinson | Official U.S. House headshot

Washington, D.C. -  Rep. Ashley Hinson (R-IA-02) released the following statement on the Supreme Court ruling that President Biden's student loan "cancelation" scheme is illegal. 

“You cannot cancel student debt, you can only transfer it. President Biden's $400 billion student loan "cancelation" scheme would have cost each Iowa taxpayer $3,730," said Congresswoman Ashley Hinson. "Not only is it wrong to force taxpayers who already paid off their loans or didn't go to college to foot the bill for someone else's student debt, the Supreme Court has affirmed it is illegal and unconstitutional. Rather than shifting college debt onto hardworking Americans and perpetuating a cycle of massive debt for college graduates, we should focus on encouraging trade and apprenticeship programs and making higher education more affordable."

Original source can be found here

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