McClain, Foxx Introduce CRA Resolution to Stop Biden's Latest Free College Scheme

Press Release

"The only difference between President Biden and a snake oil salesman is a title. Biden's administration knows what it's doing is illegal but it's pushing forward anyway, promoting its SAVE scheme as a solution to America's broken student loan system. In reality, the SAVE scheme is a desperate effort to curry favor and buy votes ahead of the next election.

This scheme will leave mountains of debt at the feet of taxpayers while absolving millions of borrowers of their loans. What's worse is that future borrowers will take on loans expecting forgiveness, which in turn encourages schools to raise tuition rates.

We need to tackle the challenges of the federal student loan system head on, not with gimmicks and false promises. Republicans have real solutions, such as the Federal Assistance to Initiate Repayment (FAIR) Act. This bill ends the Biden administration's student loan scam, simplifies the repayment process, and ensures a smooth transition back to repayment."

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