WASHINGTON — Texas Republican lawmakers have been quick to attack President Joe Biden’s student loan forgiveness plan as a heavy burden for taxpayers. However, the arguments used don’t give the full picture of the situation faced by millions of families now sorting out how the forgiveness program impacts them.
The plan cancels $10,000 for borrowers making less than $125,000, and $20,000 for Pell Grant recipients. It also extends the payment pause through the end of the year, resuming Jan. 1, 2023.
Texas Sen. Ted Cruz and most other conservatives strongly oppose the plan, with some raising the prospect of legal challenges. Cruz also has raised the possibility the plan could win voter support for Biden and the Democratic Party in the Nov. 8 midterm elections from “slacker” baristas who studied useless subjects.
