Friend,
This week, President Biden announced his executive action to “cancel” student loan debt. Let me be clear: you can’t cancel student loan debt, you can only transfer it to someone else.
Not only is this executive action illegal, it is wrong. Truck drivers, veterans, farmers, electricians and plumbers shouldn’t have to pay for someone else’s degree. Those who have sacrificed and worked hard to pay off their own student loans shouldn’t be on the hook for others' debt. Unfortunately, that is exactly what President Biden is forcing hardworking Americans to do.
By cancelling student loan debt, the Biden Administration will further drive up the cost of tuition, incentivize students to take out loans they can’t afford to pay back, and unfairly punish those who have chosen to enter the workforce right away.
I will look at every option available to push back against this plan and ensure Iowa taxpayers aren’t footing the bill for someone else’s college degree. We need to put a check on President Biden's and Speaker Pelosi's wasteful spending habits and reckless agenda.
Best,
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