GOP presidential candidates agree: Student loan borrowers shouldn't get forgiveness
GOP presidential candidates agree: Student loan borrowers shouldn't get forgiveness

Former South Carolina Governor Nikki Haley, Florida Governor Ron DeSantis and former biotech govt Vivek Ramaswamy pose collectively onstage on the third Republican candidates’ U.S. presidential debate of the 2024 U.S. presidential marketing campaign hosted by NBC News on the Adrienne Arsht Center for the Performing Arts in Miami, Florida, U.S., November 8, 2023. 

Mike Segar | Reuters

Outstanding pupil loan debt within the U.S. exceeds $1.6 trillion, and burdens Americans greater than bank card or auto loan debt. The common loan steadiness at commencement has tripled for the reason that Nineties to $30,000 from $10,000. Additionally, about 7% of pupil loan borrowers at the moment are greater than $100,000 in debt.

Voters assist forgiving not less than some pupil loan debt by a 2-to-1 margin, according to a Politico/Morning Consult ballot. Less than a 3rd oppose the coverage.

Here’s what the GOP presidential contenders say about pupil debt forgiveness.

Donald Trump

Former U.S. President and Republican presidential candidate Donald Trump campaigns in Mason City, Iowa, U.S. January 5, 2024. 

Rachel Mummey | Reuters

Former President Donald Trump has a long record of opposing debt cancelation. Trump additionally sided with the Supreme Court in its ruling putting down the president’s plan.

“Today, the Supreme Court additionally dominated that President Biden can not wipe out a whole bunch of billions, maybe trillions of {dollars}, in pupil loan debt, which might have been very unfair to the hundreds of thousands and hundreds of thousands of people that paid their debt via exhausting work and diligence; very unfair,” Trump mentioned at a marketing campaign occasion in June 2023.

Ron DeSantis

Vivek Ramaswamy

In a written assertion to CNBC final summer season, the tech entrepreneur mentioned America had a foul behavior “of paying individuals to do the precise reverse of what we wish them to do: More [dollars] to remain at house than to work, extra [dollars] to be a single mom than married, extra [dollars] for individuals who fail to repay loans than those that do.”

Ramaswamy added that the Supreme Court’s ruling to dam forgiveness “helps reverse that development.”

Nikki Haley

The former South Carolina governor and U.S. ambassador to the United Nations beneath Trump tweeted final June that “a president can not simply wave his hand and remove loans for college students he favors, whereas leaving out all those that labored exhausting to pay again their loans or made different profession decisions.”

“The Supreme Court was proper to throw out Joe Biden’s energy seize,” Haley wrote.

Asa Hutchinson

A former governor of Arkansas, Asa Hutchinson, referred to as Biden’s broad forgiveness plan “a misuse of govt authority,” in a 2022 statement.

“Shifting the burden from those that willingly took out a loan to all taxpayers is inconsistent with the American splendid of private accountability,” Hutchinson mentioned.

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