Fellow Conservative,


At every turn, on every issue, President Biden has assumed power and grown the Executive while ignoring the laws and the limited powers he has. On student loan forgiveness, Joe Biden is once again seeking to use powers he does not have—this time to pass regulation to funnel hundreds of billions of dollars to “woke” universities that are aligned with the radical Left.

But you have a chance to push back. <[link removed]>
By offering millions of college graduates up to $20,000 in student loans cancellation this plan causes tremendous fallout. This policy is regressive, expensive, and creates a moral hazard <[link removed]> that would make student debt worse.


- Student loan forgiveness is fundamentally unjust to those who chose not to attend college, those who worked their way through college to avoid debt, and those who paid off their debt as promised.
- Pausing and canceling student loans increases inflationary pressure. Each month the current student loan pause continues it costs $200 billion in missed payments and another $5 billion in accrued interest.
- Canceling student loans disproportionately benefits the wealthy as 56% of student loan debt is held by households whose borrowers earned graduate degrees.
- Government involvement in providing student loans has been one of, if not the major factor <[link removed]> contributing to the skyrocketing cost of higher education <[link removed]>. More of the same thinking that caused the problem will not solve the problem. It will only continue to make college more and more unaffordable.
- Biden’s cancellation of student loan debt is deeply illegal and unconstitutional <[link removed]>. If it is allowed to stand it would set a dangerous precedent that presidents can undermine the legislative authority vested in Congress just to bribe the electorate for votes.
- Debt forgiveness is a bailout for Big Education. It encourages them to keep raising tuition rates, which will hurt the rising generation.



Fortunately, we have a chance to oppose this rule <[link removed]>. The Biden Administration is taking public comments for 22 more days. A groundswell of public comments builds opposition and puts pressure on the Biden administration to withdraw this new regulation.

Furthermore, if the Biden Administration pushes forward and implements this regulatory rule, the public comments submitted can be used to help build a legal challenge to it.

Make your voice heard and submit a comment TODAY! <[link removed]>

Janae Stracke
Director of Grassroots
Heritage Action for America

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