July 17, 2024 6:00am EDT
Trump VP pick JD Vance slammed Biden admin's student loan handout: 'Unfair and illegal'
Vance once called Biden's student loan handout a 'windfall to the rich,' 'corrupt university administrators'
Former President Trump's pick to serve as his running mate on the Republican ticket this year, Ohio Sen. JD Vance, has been a staunch critic of the Biden administration's student loan handout as part of the White House's repeated efforts to cancel borrowers' debt.
President Biden campaigned on forgiving student loan debt derived from undergraduate tuition at two- and four-year public universities for borrowers earning up to $125,000 a year. His administration developed the handout plan in the first year and a half of his time in office, and he announced in August 2022 that he would move to cancel $10,000 per borrower and $20,000 for Pell Grant recipients.
Biden's plan encountered stiff resistance from Republicans, with several states filing legal challenges and Vance joining the ranks of its vocal opponents in his 2022 U.S. Senate race against Democrat Rep. Tim Ryan in Ohio.
"Forgiving student debt is a massive windfall to the rich, to the college educated, and most of all to the corrupt university administrators of America," Vance wrote in a post on X in April 2022. "No bailouts for a corrupt system. Republicans must fight this with every ounce of our energy and power."
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https://www.foxbusiness.com/politics/trump-vp-pick-jd-vance-slammed-biden-admins-student-loan-handout-unfair-illegal
