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A number of House Democrats who this week announced their opposition to President Biden’s $500 billion student loan allocation previously voted in favor of a multi-billion dollar bill that would have canceled up to $10,000 for some federal and private loan holders.
The bill — a more comprehensive, earlier version of the HEROES Act that was eventually negotiated into a smaller coronavirus relief bill and signed by then-President Donald Trump in late 2020 — covered student debt payoffs until they were later removed during negotiations.
The members who appeared to change their stance on the handouts include Rep. Kim Schrier, D-Wash.; Rep. Tom Malinowski, DN.J.; and Rep. Chris Pappas, DN.H., each facing tough reelection bids in this year’s midterm elections.
“I agree that something needs to be done to make college a more affordable option for students and to ensure that they are not burdened with debt for decades. However, this is not how I would have done it,” said Schrier. to Fox News Digital on Thursday when asked if she supported Biden’s handouts.
DEMOCRATS MOST RISK OF SEAT LOSS IN MEDIEVAL SPLIT OVER $300 BILLION BIDEN STUDENT LOAN HANDOUTS
“I would have liked to see a more focused approach and a way to pay for this plan. We can strategically use debt forgiveness to move students into careers where we urgently need help, such as mental health professionals, educators and nurses,” added them to it.
daddy accused Biden of sidelining Congress of the process and of his role in the budget process following Biden’s announcement,
“This announcement by President Biden is not a way of making policy and bypassing Congress and our oversight and fiscal responsibilities,” he said in a press release.
“Any plan to tackle student debt should go through the legislative process, and it should be more targeted and paid for so that it doesn’t increase the deficit. The president’s plan also doesn’t address the underlying issue of the affordability of college students. higher education, and it is clear that high costs continue to limit opportunities for students,” he added.
MORE DEMOCRATS STEP ON BIDEN OVER $300 BILLION STUDENT LOAN HANDOUTS: ‘NOT HOW I DID IT’
In a tweet on Wednesday, Malinowski wrote that he has “never supported the forgiveness of student debt with taxpayers’ money,” adding: “I am a big proponent of more generous income-based repayments and attacking excessive predatory interest rates that charge young people in endless debts, even as they make their payments.”
Fox News Digital contacted Schrier, Pappas and Malinowski for comment, but received no response.
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According to the Committee on a Responsible Federal Budget, Biden’s benefits could cost US taxpayers about $500 billion over the next 10 years.