Republicans are staunchly opposed to student-loan forgiveness, but Democrats think it goes ‘hand in hand’ with creating high-paying jobs

Republicans are staunchly opposed to student-loan forgiveness, but Democrats think it goes ‘hand in hand’ with creating high-paying jobs

Republicans attack student-loan forgiveness as an elite handout, while Democrats defend it as a way of expanding access to good-paying jobs in today's economy. As of Thursday, both chambers of Congress have to cancel up to $20,000 in student debt for federal borrowers and immediately end the payment pause that has from the $1.7 trillion crisis. Even if Biden vetoes the resolution, as he's promised, his debt-ceiling deal with House Republicans would of the payment pause, even if the Supreme Court rules that Biden's executive actions are constitutional. Democrats defend Biden's student-loan forgiveness as part of a broader workforce development strategy to address the and rebuild the middle class. However, Republicans attack it as a debt transfer from college-educated elites to the rest of the country. "Student loan 'forgiveness' will benefit wealthy elites," Rep. Jim Jordan when Biden announced his student-loan forgiveness plan in August 2022. "Once again, Joe Biden forgets about Real America," the Ohio congressman went on. Sen. Bill Cassidy, who co-sponsored the resolution overturning student-debt cancellation and the payment pause, said in a , "These policies are unfair to the ordinary Americans, 87% of whom have no student loans, who will now have to carry the financial