Lawmakers sound the alarm on Biden's plan to cancel student loan debt: 'Crazy idea'

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Lawmakers sound the alarm on Biden's plan to cancel student loan debt: 'Crazy idea'
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Despite liberals and members of the media suggesting overarching student loan forgiveness, some lawmakers are skeptical and suggest a more moderate approach.

, R., told Fox News Digital at the Milken Institute’s 2022 Global Conference."We’ve been working to try and make college more affordable, we’ve been trying to help people that are struggling, but to say we’re just going to pump more money into an economy where we have out-of-control inflation… I don’t think it’s the right solution." Rep. Cheri Bustos, D-Ill., said lawmakers need to look at whether the country can afford to cancel student loan debt.

"There are three big electoral reasons to forgive student loan debt," Bacon wrote."To appeal to younger voters and those with debt, to please the Democratic base, and to give Biden’s presidency momentum." Lawmakers who spoke to Fox News Digital supported alternate plans to support borrowers in paying off their student loan debt. "My vision is we ought to have a way to reward people who have been taking out a student loan by encouraging it to be paid off by an employer," Rep. French Hill, R-Ark., said.

"I believe in taking a look at the professions where we are having a really hard time filling those – teachers, nurses, for that matter, even apprenticeships in jobs … where we’re building things," she said.

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