Westbank Louisiana News

U.S. Senator Bill Cassidy, M.D. (R-LA), ranking member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, issued a statement following a federal appeals court's decision to temporarily block President Biden’s full income-driven repayment (IDR) scheme amid ongoing litigation. Last month, another federal judge also temporarily blocked a portion of Biden's IDR program.

“Today’s decision is another rebuke to President Biden’s illegal student loan schemes. He isn’t ‘forgiving’ debt. He is taking the debt from those who willingly took it out to go to college and transferring it onto taxpayers who decided not to go to college or already paid off their loans,” said Dr. Cassidy. “This is an abuse of power before an election in an attempt to buy votes at the expense of American taxpayers.”

Last year, President Biden announced the final IDR rule following the Supreme Court ruling that struck down his previous student debt scheme aimed at transferring hundreds of billions of dollars in student loan debt onto taxpayers. In addition to Biden’s IDR policy, the administration has pursued other student loan initiatives costing taxpayers up to $1.4 trillion. In February 2023, Cassidy and 68 lawmakers called on the administration to rescind the rule.

While focusing on these student loan schemes, the Biden administration has been criticized for failing to properly implement the new Free Application for Federal Student Aid (FAFSA) program. Continued delays have hindered students and families from accessing essential financial aid information as they make decisions about which colleges they can afford.

For all news and updates from HELP Republicans, visit our website or Twitter at @GOPHELP.

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