BUSINESS + ECONOMY

Utah leaders respond to President Biden’s student loan forgiveness plan

Aug 25, 2022, 6:00 AM
Sen. Mitt Romney...
Sen. Mitt Romney, R-Utah, was among the state leaders who responded Wednesday to a plan by President Biden to forgive certain student loan debt. (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.

 

Sen. Mitt Romney calls the plan a “bribe” to voters in the upcoming election.

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. Blake Moore says the plan doesn’t solve anything and it will be felt in the future. 

 

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