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Student loan forgiveness yields ‘worthless’ gender degrees

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Donald Trump Jr. criticized Biden’s plans to write off student debt in comments to The Washington Post. He said the plans would bail out people with “worthless gender studies degrees”. Republicans are mounting criticism over debt cancellation as Biden nears a decision. Loading Something is loading.

Donald Trump Jr. is quick to share his thoughts on President Joe Biden’s plans to cancel some student debt.

“Biden basically wants blue-collar workers like the truckers who didn’t have the luxury of going to college to get drunk for four years to bail out a bunch of upper-middle-class kids who chose to spend dozens of thousands of dollars that they didn’t have worthless degrees in gender studies,” Trump told The Washington Post.

According to The Post, Trump’s comments came after his criticism of the student loan forgiveness at a rally for Senate candidate JD Vance in Ohio last month and he joins a growing number of Republicans who fear Biden cancel student debt.

The president recently indicated that a decision on canceling the loan would be made in the coming weeks, but it’s unclear what that relief will look like. He said he does not plan to reduce debt by $50,000 for every federal borrower, and while multiple reports suggest relief could be targeted to those earning less than $125,000 a year, Politico said. reported that capping the relief based on income was not something the Department of Education alone had the ability to do.

Trump’s fear that student loan relief will go to the wealthy hasn’t been echoed by Republicans alone, it’s one that Biden himself has shared.

“The idea that you go to Penn and pay a total of $70,000 a year, and the public should pay for that? I disagree,” Biden said last year.

Representative Virginia Foxx, a top Republican on the House Education Committee, said in a statement last month that “taxpayers have footed the student loan bill for graduate students and Ivy League attorneys.” to the tune of $5 billion every month while their wallets are drained by soaring inflation,” referring to the cost of the pandemic pause on loan repayments, which is due to expire after August 31.

When it comes to who would benefit from student loan relief and how it would affect the economy, many Democrats think otherwise.

A Roosevelt Institute report found the relief would benefit low-income people the most, and while Treasury Secretary Janet Yellen told senators last week that the effect of the pardon still needed to be analyzed, she said that it “could be good for the economy”.

Politico reported that three leading voices for Sens debt cancellation. Elizabeth Warren, Chuck Schumer and Raphael Warnock were asking Biden to hold off on issuing an executive order on loan cancellation until they could meet with him one last time and push him to move forward. debt cancellation.

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2/ https://www.businessinsider.com/donald-trump-jr-student-loan-forgiveness-worthless-gender-study-biden-2022-5

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