A top Republican says Biden's proposals to make monthly student-loan payments cheaper are a 'backdoor' for his 'radical free college agenda'
on making monthly payments cheaper for some borrowers — and it's already attracted ire from the right.its new regulations for income-driven repayment plans. The changes are meant to make payments cheaper, and"create faster pathways to forgiveness," according to Education Secretary Miguel Cardona.
But Rep. Virginia Foxx, who now chairs the House Education and Workforce Committee, said that the announcement is"a repeat of the same playbook that got us into this college affordability crises in the first place." Foxx has been an outspoken"Because President Biden couldn't get his radical free college agenda through Congress, he has resorted to doing it through the backdoor by executive fiat," Foxx said in a.
Arkansas Sen. Tom Cotton also took to Twitter to criticize the plan, saying that Biden's"proposed changes encourage students to take out as much debt as possible because the taxpayers pick up the tab. This is the opposite of the message we should be sending young Americans."Under IDR, borrowers are meant to make monthly payments based on their incomes, with eventual loan forgiveness after at least 20 years of payments.
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