Jan. 17—WASHINGTON U.S. Sen. John Cornyn (R-TX) on Jan. 17 called on the Department of Government Efficiency (DOGE) to root out President Biden’s wasteful student loan forgiveness ‘scam’ after the administration announced additional student loan cancellations this week. Excerpts of Sen. Cornyn’s remarks are below.
“Now this is not really a cancellation of those loans, it’s just a transfer of the responsibility to taxpayers and wiping the slate clean for people who actually agreed to borrow this money.”
“The Biden administration, never to be one that actually obeys the law, has continued to ignore the ruling of the Supreme Court, issuing a blank check after blank check to borrowers to let them off the hook from paying bills that they agreed to pay in the first instance. This policy is not just illegal, it’s profoundly unfair.”
“Student loan socialism would be a great opportunity for the Department of Government Efficiency, headed by Elon Musk and Vivek Ramaswamy, to take a look at because there’s nothing less efficient and more wasteful and more unfair than taking billions of dollars from taxpayers who didn’t go to college to pay for those who did.”
“If we want to address the affordability of college — an important topic — widespread student loan socialism is not the way to do it.”