Utah leader says student loan forgiveness plan will hurt everybody

SALT LAKE CITY — Gov. Spencer Cox was among 22 governors around the country who signed a joint letter asking the Biden Administration to immediately withdraw the student loan debt forgiveness plan.

The plan would cost taxpayers $2,000 each. 

Utah Sen. Mike McKell (R-Spanish Fork) told Dave and Dujanovic on Thursday that the plan hurts everybody.

“The impact is much, much broader than that,” McKell said. “It’s people like you and I who may have paid back our student loans. It’s those individuals who went to tech school that didn’t take out a student loan, took a different path. That’s who the impact is really going hit the hardest overall.”

Mark Jones contributed to this article.

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Read more:

• Utah leaders respond to President Biden’s student loan forgiveness plan 
• Taxpayer advocate says president alone should not have power to cancel student loan debt
• How will forgiving student loan debt impact the economy?
• What to do now that your student loan debt just shrunk by $10,000?