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Republican Missouri Sen. Eric Schmitt slammed Joe Biden Monday for announcing “new plans” to cancel student loans for “millions” more Americans if approved.
Schmitt took to X (formerly known as Twitter) Monday morning, calling out Biden’s announcement video releasing the president’s new plan to cancel student debt for millions of more Americans.
“He’s at it again — in a cynical effort to buy votes. It’s a huge middle finger to those who paid them back, or worked their way through college or took an entirely different path,” Schmitt stated. “He’s shedding younger voters and he knows he’s losing to Trump. He and the Dems are desperate and it won’t work.”
Nearly a year ago, Biden attempted to push his student loan forgiveness plan, which his campaign notably advocated for in 2020, before being blocked by the U.S. Supreme Court in a 6-3 decision. In comparison to his previous plan, Biden’s new push will now seek to loan in on a narrower group of borrowers for debt forgiveness, according to CNBC.
While the group is smaller than his previous plan, it is expected to still potentially reach over 20 million Americans total by eliminating debt for 4 million, erasing $5,000 in debt for over 10 million, and cutting accrued interests for roughly 23 million, according to the New York Post.
In addition to the new plan, the White House stated that the Department of Education has already helped cancel $146 billion in student debt for 4 million through executive actions, the outlet reported.
Prior to holding his senate seat, Schmitt sat as Missouri’s attorney general and was the first in the U.S. to file a lawsuit against Biden’s student loan bailout plan.
“Joe Biden’s student loan bailout was nothing more than a thinly veiled political ploy on a shaky foundation to score cheap points. The bailout was inherently unfair to those who responsibly paid off their debt or those who chose not to take on debt, and the truck driver or the waitress shouldn’t have to subsidize the theater degree of the tenured professor,” Schmitt previously stated.