BUSINESS + ECONOMY
Utah leaders respond to President Biden’s student loan forgiveness plan
Aug 25, 2022, 6:00 AM
Sen. Mitt Romney, R-Utah, is upset with the Homeland Security Department over the southern border. (AP Photo/Alex Brandon, File)
(AP Photo/Alex Brandon, File)
SALT LAKE CITY — President Biden announced Wednesday a plan to forgive certain student loan debt. And leaders from Utah definitely had an opinion about it. They went to social media on Wednesday to respond to it.
As part of President Biden’s plan, up to $20,000 in student loan debt would be forgiven on a Pell grant. Up to $10,000 would be forgiven if an individual didn’t receive a Pell grant. Additionally, the student loan forgiveness only applies to those making less than $125,000 a year.
Here’s what Utah’s leaders had to say about that plan.
Utah leaders respond to plan
Sen. Mike Lee refers to the plan as “reckless” during a period of time of inflation.
— Mike Lee (@SenMikeLee) August 24, 2022
Sen. Mitt Romney calls the plan a “bribe” to voters in the upcoming election.
Sad to see what’s being done to bribe the voters. Biden’s student loan forgiveness plan may win Democrats some votes, but it fuels inflation, foots taxpayers with other people’s financial obligations, is unfair to those who paid their own way & creates irresponsible expectations.
— Senator Mitt Romney (@SenatorRomney) August 24, 2022
Rep. John Curtis says the burden will now be felt by all taxpayers. And it is removed from the individuals who decided to take out the loans on their own free will and choice.
— Rep. John Curtis (@RepJohnCurtis) August 24, 2022
Rep. Blake Moore says the plan doesn’t solve anything and it will be felt in the future.
President Biden’s announcement isn’t a real solution because it doesn’t get to the root of the problem. University costs continue to skyrocket. Student loan forgiveness only places the brunt of its financial consequences on the next generation. #utpol pic.twitter.com/VvFAYVwrqf
— Congressman Blake Moore (@RepBlakeMoore) August 24, 2022
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