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Monday, September 16, 2024

Rep. Tiffany: Biden's plan to 'bail out student loan debt' has been blocked

Webp tiffany

Rep. Tom Tiffany | House.gov

Rep. Tom Tiffany | House.gov

Wisconsin State Representative Tom Tiffany stated that the Supreme Court’s decision to block the Biden-Harris plan to use "your tax dollars to bail out student loan debt" is a significant victory for taxpayers. Tiffany made his statement in an August 28 post on X.

"The Supreme Court BLOCKS the Biden-Harris plan to use your tax dollars to bail out student loan debt," said Rep. Tom Tiffany. "This is a huge win for American taxpayers. The 87% of Americans without student loan debt should not be forced to pay for the 13% who do."

According to Reuters, a federal appeals court extended an order preventing President Joe Biden's administration from advancing its student debt relief plan, which aims to reduce monthly payments and expedite loan forgiveness. The 8th U.S. Circuit Court of Appeals in St. Louis granted a broader injunction requested by seven Republican-led states, arguing that a lower-court order did not fully block the U.S. Department of Education's plan.


Rep. Tiffany's post | x

The Biden-Harris Administration's proposed regulations aim to provide debt relief to federal student loan borrowers under certain conditions. According to the U.S. Department of Education, the relief targets borrowers who owe more than they did at the start of repayment, those who have been in repayment for long periods, individuals eligible for forgiveness but have not yet applied, and those who attended institutions that failed to meet financial value standards.

Tiffany, representing Wisconsin's 7th Congressional District, was elected in May 2020 during a special election. With roots in the district, he grew up on a dairy farm near Elmwood, Wisconsin, and holds a degree in agricultural economics from the University of Wisconsin – River Falls. Before Congress, Tiffany served in the Wisconsin State Assembly and State Senate, focusing on tax reduction, job creation, and protection of 2nd Amendment rights.

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