Ranking Member Cassidy Reacts to Appeals Court Ruling on Biden’s Student Loan Scheme

WASHINGTON – Today, U.S. Senator Bill Cassidy, M.D. (R-LA), ranking member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, released a statement following a federal appeals court temporarily blocking President Biden’s full income-driven repayment (IDR) scheme while litigation is ongoing. Last month, a separate federal judge temporarily blocked a portion of Biden's IDR program.  

“Today’s decision is another rebuke to President Biden’s illegal student loan schemes. He isn’t ‘forgiving’ debt. He is taking the debt from those who willingly took it out to go to college and transferring it onto taxpayers who decided not to go to college or already paid off their loans,” said Dr. Cassidy. “This is an abuse of power before an election in an attempt to buy votes at the expense of American taxpayers.” 

Background 

Last year, President Biden announced the final IDR rule following the Supreme Court ruling to strike down his illegal student debt scheme that attempted to transfer hundreds of billions of dollars in student loan debt onto taxpayers. In addition to Biden’s IDR policy, the administration has worked to implement other student loan schemes, costing taxpayers up to $1.4 trillion. In February 2023, Cassidy and 68 lawmakers called on the administration to rescind the rule.     

While the Biden administration prioritizes its student loan schemes, it failed to properly implement the new Free Application for Federal Student Aid (FAFSA) program. These continued delays prevent students and families from accessing crucial financial aid information as they choose the college they can afford to attend.     

###

For all news and updates from HELP Republicans, visit our website or Twitter at @GOPHELP. Click here to unsubscribe.