Summary
Representative Glenn Grothman plans to introduce the “Protecting Taxpayers from Student Loan Bailouts Act,” aimed at blocking future large-scale student loan forgiveness by limiting regulations costing taxpayers over $100 million annually.
This follows a Supreme Court ruling in 2024 that struck down President Biden’s $430 billion loan forgiveness plan.
Republicans criticize forgiveness as inflationary and unfair, while Biden’s administration has canceled $180 billion in debt over four years.
With GOP control of Congress, future forgiveness efforts face significant challenges.
I agree: student loan forgiveness should never happen. That’s because student loans should not be a thing.
As long as private universities exist, there should be a way to help pay.
A better compromise is public universities should be free. My state is going that way but unfortunately there’s an income constraint that I exceed. Oh well, it’s a start
The compromise will have the same effect, as long as the public universities are still properly funded for the influx.
After a decade of that private universities will either close down, downsize or find a way to incorporate themselves into the state. Although Ivy League might be able to whether decades just coasting on the money they have.