Senator Tim Scott Statement on Biden’s $300 Billion Student Loan Plan

WASHINGTON – U.S. Senator Tim Scott (R-S.C.) issued the following statement on President Biden’s plan to force Americans who didn’t attend college to pay for student loan forgiveness.

“Only one third of Americans have a college degree, and the majority of higher education debt is held by the wealthiest among us. President Biden’s plan to cancel student debt will amount to a $300 billion tax burden that will be paid for by low and middle-class families in the midst of a recession,” said Sen. Scott. “My mom is one of millions of Americans who didn’t go to college. She worked double shifts to keep the lights on and provide for my brother and me. Hardworking Americans like my mom and millions of others should not be responsible for this politically-motivated giveaway. It does nothing to solve the cost of higher education and will only pour more fuel on an overheated economy. Our country is in desperate need of better leadership that works for everyone.