Senate Republicans on Wednesday rolled out a new plan to address rising student debt and the soaring cost of college just as President Joe Biden’s $400 billion student loan handout is expected to be struck down in the Supreme Court.
Instead of trying to forgive loans as Biden did, Senate Republicans are supporting programs aimed at making sure students understand the real cost of college and shutting off loans for programs that don’t result in salaries that are high enough to justify those loans.
“President Biden’s answer was to enact his $400 billion student debt scheme, which doesn’t forgive debt. It really transfers the responsibility to pay it back away from the person who willingly took on the debt,” Sen. Bill Cassidy, R-La., the top Republican on the Senate Committee on Health, Education, Labor and Pensions, said Wednesday.
Senate Republicans say their plan will tackle the rising cost of post-high school degrees and make it easier for students and families to navigate loan…
