WASHINGTON – Tomorrow, June 14th, U.S. Senator Bill Cassidy, M.D. (R-LA), ranking member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, along with U.S. Senators Chuck Grassley (R-IA), John Cornyn (R-TX), and Tommy Tuberville (R-AL) will hold a press conference to discuss their legislative solution to address the skyrocketing cost of higher education and the increasing amounts of debt students take on to attend college.
This comes as President Biden attempts to enact his $400 billion student debt scheme, which would transfer up to $20,000 in student loan debt per borrower onto taxpayers who didn’t go to college or already paid off their debt. Biden’s scheme also does nothing to address the underlying cause of the debt crisis, which would lead to Americans with student loans returning to the same level of debt in 5 years, according to the Committee for a Responsible Federal Budget.