The Biden administration announced a plan to cancel massive amounts of federal student loan debt, but Republican Sen. John Kennedy of Louisiana has pointed out that “we already had a plan to repay student debt. It’s called a job. And it was workin’ just fine.”
During an appearance last week on “Hannity,” the lawmaker also said that “President Biden is inflation’s best friend,” and that “[i]nflation loves President Biden like the devil loves sin.”
The Biden administration’s plan would provide $10,000 of federal student loan cancellation for individuals earning less than $125,000 annually — married couples and heads of households would need to earn less than $250,000 per year to qualify. People who received Pell Grants and earn less than the income threshold would be able to score a whopping $20,000 of student loan cancellation.
A group of 22 GOP governors joined together in a letter urging the president to ditch the student loan cancellation proposal.