Who is Student Loan Forgiveness Really For?

Print Friendly, PDF & Email

by: Brent SmithSo you think the democrats are on the side of the people. After all, the Biden team and Congressional dems agree, that universal healthcare will help you, a $15 per hour minimum / living wage is what is needed and of course, how many Americans are beyond struggling under the crushing weight of student debt.

They’re doing all this for you, the voter. And as thanks, you voted for the Biden/Harris ticket, because you trust Uncle Joe and the democrats to be the straight shooters they are.

But are they? Is their plan to forgive student loan debt for you, the people, the voters, or is it rather for leftist members of Congress who, by dizzying coincidence, are still saddled with college debt despite their relatively exorbitant annual salary of $174,000.

Gee, I wonder.

from Open Secrets:

Members of Congress owe millions in student loans

student debt
Reps. Ilhan Omar (D-Minn.), Jahana Hayes (D-Conn.) and Rashida Tlaib (D-Mich.) are among the 59 members of Congress that owe student loans. (Photo by Alex Wong/Getty Images)

Congress threw a lifeline to student loan borrowers in the heavily lobbied $2.2 trillion stimulus bill by pausing payments on most federal loans. Now lawmakers want to do more to help borrowers who were already struggling to make payments before the coronavirus pandemic left millions unemployed.

After years of inaction, Washington’s newfound attention to the issue comes as nationwide student debt continues to soar. Many of the lawmakers pushing to address the crisis know firsthand about the expensive reality of student debt.

Fifty-nine members of Congress reported owing student loans in their latest financial disclosures released last year. Roughly 40 percent of those borrowers are part of the young and diverse class of freshman lawmakers first elected in 2018.

Most lawmakers report their assets and debts in wide ranges. With the new wave of members elected in 2018, the total student debt in the 116th Congress reached up to $5.8 million. That’s an increase from a maximum of $4.6 million in the previous Congress.

Student Debt in Congress

The 116th Congress owes between $2.4 million and $5.8 million in student debt, including debts owed by spouses or dependent children. Newly-elected lawmakers, including many freshman Democrats, make up a large chunk of that total.

Read more

About the Common Constitutionalist

Brent, aka The Common Constitutionalist, is a Constitutional Conservative, and advocates for first principles, founders original intent and enemy of progressives. He is former Navy, Martial Arts expert. As well as publisher of the Common Constitutionalist blog, he also is a contributing writer for Political Outcast, Godfather Politics, Minute Men News (Liberty Alliance), Freedom Outpost, the Daily Caller, Vision To America and Free Republic. He also writes an exclusive weekly column for World Net Daily (WND).