Fellow Conservative,

The national debt is hovering above $31 trillion. That is more dollar bills than there are stars in our galaxy <[link removed]>. And the debt has been increasing at an alarming rate—our national debt is currently 500% larger than it was in 2000.

The last thing the country's economy needs is more debt, but Biden’s plan to restructure student’ loan payments would add over $100 billion to the debt.

Currently, under income-driven repayment plans <[link removed]>, which are affordable by definition, borrowers pay about 10% of their discretionary income over about 20 years, and whatever’s left—including all accrued interest—is forgiven.

But the new rules dramatically change the calculus:



- Payments are generally cut in half from 10% to 5% of income
- The number of payments is generally cut in half from 20 years to 10 years
- And the income under which payments are reduced to $0 is raised from 150% to 225% of the poverty line
- All payments, including “payments” of $0, trigger cancellation of that month’s interest.
The truth is, student loans can’t really be canceled—somebody still has to pay the price! Biden’s plan forces taxpayers to pick up the tab—all of us will be paying for this “cancellation” via taxes and higher inflation.
The grassroots need to make their voices heard. The Biden administration is accepting public comments on the proposed regulation but there are only 11 days left.

                        >>> You have a chance to fight back! <<< <[link removed]>


There have already been two occasions in which public outcry forced the Biden administration to withdraw a regulation, and there numerous instances where public comments were used to help fight regulations in court.

                        >>>SUBMIT YOUR COMMENT TODAY<<<
<[link removed]>
Tell the Biden administration not to drive our country further into debt.

Your voice matters.
Janae Stracke
Director of Grassroots
Heritage Action

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