GOP Pushes Bill to Stop Student Loan Forgiveness Ever Happening Again

[BumRushDaShow]

Source: Newsweek

Published Jan 10, 2025 at 11:31 AM EST


epublican Representative Glenn Grothman is set to introduce a bill that could thwart any future attempts to reduce student loan burdens for borrowers in the United States. Newsweek reached out to Grothman's office for comment via email.

Why It Matters

Efforts to reduce the amount of student debt by the Biden administration have faced several hurdles from Republicans. As Republicans take control of the House and Senate and the White House under President-elect Donald Trump this month, the state of President Joe Biden's efforts to reduce student debt hangs in the balance.

What To Know

A spokesperson for Wisconsin Representative Glenn Grothman told The New York Sun that he plans to introduce the Protecting Taxpayers from Student Loan Bailouts Act. This legislation aims to prevent the Education Department from enacting regulations imposing costs exceeding $100 million per year on taxpayers. Grothman introduced a similar bill in the previous Congress, but it was incorporated into the College Cost Reduction Act, which did not reach a vote on the House floor.

The bill's enactment would effectively curtail any mass cancellations a president might seek to implement. Student debt cancellation has been a key issue for the Biden administration in the past four years. During this time, approximately $180 billion in student loan debt was canceled for nearly five million Americans, according to the Department of Education. In June 2024, the Supreme Court ruled against Biden's $430 billion student debt forgiveness program in a 6-3 ruling.

Read more: https://www.newsweek.com/republicans-stop-student-loan-forgiveness-bill-glenn-grothman-2013104

[choie]

1. I hate them with the heat of a thousand suns.

Fucking bastards. Corporations' loans can be forgiven, but not students'.

[choie]

5. and who was going to pay for

corporations' unpaid loans? or the PPP loans that they received? Not the taxpayers?

[choie]

6. They should at least keep the more reasonable repayment plans

that Biden put into place.

[Marthe48]

2. Not going to be popular to take back what was given

Student Loan Forgiveness
Social Security
Medicare
Medicaid
ACA
clean water
commitment to the environment
public education
equality
liberty
rights
decency
food
shelter

But if the election wasn't rigged, the idiots who voted for the traitor criminals got what they voted for

[defacto7]

9. I think popularity only mattered when they needed to get votes.

Now since we won't have to vote anymore, neither votes nor popularity matter.

[markie]

18. unfortunately

we got it as well....

I try to be kind, forgiving, good natured... but the rage I feel for the felon and those who voted for him is powerful

[jvill]

21. You mean like how they took away abortion rights?

How’d that work out?

Hope is not a plan.

[Marthe48]

27. Yes, like that

I'm glad I'm old

[FirstLight]

4. Fuck them I'll defer it until I die

Seriously, when the world Burns to Ash and all the economy has fallen apart you think anybody's going to give a shit about their student loans ????fuck them

I'll go off grid so fast it'll make their head spin 😒

[choie]

7. Please let me know how you do that!

n/t

[FirstLight]

12. Defer is easy when you are disabled and don't make enough

I've never made a living wage in my life...
The only reason I have a house is cuz of my parents 😔 and I'm 55 and back in school for my BA.... this is the 3rd time I have tried to finish...

[markie]

17. best of luck to you

[jvill]

22. Good for you. The GOP doesn't care about your edge case. But good for solitary you.

[CousinIT]

8. NOW do the same for your fucking PPP loans. Nt

[defacto7]

10. I paid off all my student loans in full back in 1993.

Last year, out of nowhere, I got a notice from the DoE saying I had $4000 in unpaid student loans from 1998. They very nicely said there was this loan forgiveness program that would help make the payments very low then be forgiven after a while. First of all, I have all the records and letters from the university showing the payoff, everything. After sending it all in they said I still owe it with interest. I don't even think they looked at my papers. The total now with interest is over $16,700. I don't owe squat.

I'm sure as hell going to fight it now, balls out.

[jvill]

23. Have you tried a lawyer?

[mwooldri]

11. needs another rep to propose an amendment.

to not bail out bankers, and some other folks too.

[Prairie Gates]

13. Unitary executive for me but not for thee being the GOP rule of the day

[Alienkawala]

14. Republicans are the party of _ _ _ _ _ _ .

Idiots. Who don't go to college. So no need to pay back loans. They vote no.

[jvill]

24. The finance and tech bros didn't go to college?

The amount of self-delusion on DU these days is out of control.

[nwliberalkiwi]

15. Grothman POS

Rep. Grothman is a real piece of shit. Look up his past deeds. Very anti union.

[markie]

16. f#*k them

cancelling student debt in many cases would help the economy and change many people's lives for the better... GOP is NOT grand old party.... it's more like greedy old people

[sinkingfeeling]

19. Well, isn't that so 'America First"? Making sure fewer citizens can obtain

higher education. That will surely put us ahead in scientific, medical, and technological advances.

[jvill]

25. Maintaining an underclass to abuse and take advantage of is actually VERY American...

[mackdaddy]

20. The Dems should amend to make them 0% interest loans, retroactively.

A huge part of this is the interest rates mean that most students will pay back many times what they borrowed, and that unlike Trump they can not even get rid of the debt if they go bankrupt. These loans are the modern version of Indentured Servitude. If a teenage student borrows 10 thousand dollars for school, then with interest they could easily have to pay back 30 or 40 thousand. I taught at a two year college for a few years. It was unbelievably easy for the 18 year olds to sign up for a loan of tens of thousands in the 'financial assistance' office.

My great nephew is going to OU Athens, a State College, In-State tuition and will have about 130 thousand in school loans for a four year degree. That is more than my first home mortgages.

Many of the loans Biden's program addressed, the students had already paid MORE than the principle they borrowed, but had just barely made a dent in the interest that was accruing.

I think if the program were at least only paying back what you borrowed (the principle), the 'you owe it you pay it' in MAGA propaganda would be blunted and still give massive relief to student loan borrowers.

[keithbvadu2]

26. Also collect Trump's Covid 'loans'.

Lots of 'forgiveness' there.