A top Republican lawmaker joins millions of student loan borrowers in wanting to know what kind of relief President Joe Biden plans to implement.
On Wednesday, GOP Rep. Virginia Foxx, the most Republican on the House Education Committee, wrote a letter to Education Secretary Miguel Cardona, asking for more information on the broad student loan forgiveness Biden is considering. Cardoon Told reporters last week that he’s “ready to ride” whatever decision Biden makes, but Foxx wrote that she has “serious doubts” that is in fact the case.
“While you have indicated that the Department is prepared to act on an unconstitutional decision to cancel student loans, I remind you that taking action is not just about issuing a press release: the action is a comprehensive and fluid that follows careful planning and thorough consideration of all aspects of an initiative, from communications to implementation,” Foxx wrote. “I am gravely concerned that the Department will further harm borrowers and taxpayers if he acts on student loan forgiveness, in part because of his failure to follow through on his grandiose proposals.”
Biden would be considering $10,000 relief for borrowers earning less than $150,000 a year and The Wall Street Journal reported that the decision likely won’t be made until July or August, closer to when student loan payments are set for resume after August 31. Since details of the plans have not been publicly confirmed by the White House, Foxx asked Cardona to answer a series of questions within a week, including:
“You said you are ready to act on student loan forgiveness, but you can only be ready if you know the plan; therefore, please describe, what is that plan?”
She also wants to know who else is aware of the plan, how the plan will be communicated to borrowers and how the department plans to apply the income thresholds in the event of relief, saying that “these are questions that all borrowers and taxpayers deserve to have an answer.”
Foxx has long criticized the potential for broad student loan forgiveness. Next relief for former Corinthian Colleges students scammed by for-profit chain, Foxx wrote in a blog post that Biden “acts like he can issue any executive order he wants” on the matter.
Some of his Republican colleagues have also offensive the idea of student loan relief, arguing that it will cost taxpayers while serving as a method for Democrats to win votes in the midterm elections. On the other hand, many Democratic lawmakers and advocates continue to push for Biden to enact expansive relief for all federal borrowers, with top labor leaders more recently joining the fight for “robust student loan forgiveness” with no income caps.