Grothman Introduces the Fairness for Responsible Borrowers Act

Press Release

Congressman Glenn Grothman (WI-06) has introduced the Fairness for Responsible Borrowers Act to prohibit the Biden Administration from abusing its authority by canceling student loan debt. This bill has 13 cosponsors.

"At a time when inflation is crushing the American people, President Biden is poised to add even more to our national debt by unilaterally determining the future of student loan debt from the Oval office, overriding Congress," said Grothman. "The President's insistence on forgiving loans is a troubling sign that he is ready to once again abuse his power to score political points.

"Broad student loan forgiveness is particularly insulting to Americans who paid their loans or never attended college, and they deserve an explanation.

"Debt cannot be erased. Someone always must pay. In this case, the burden would be transferred to the Americans taxpayers, the majority of which never took out loans or have paid them back in full. Why would President Biden send a message to the world that America rewards financial irresponsibility?

"As an alternative to four-year university, I've long promoted apprenticeships and career and technical education, which offer job security, high income, and less debt. I strongly urge the White House to join me in emphasizing different educational paths to assist students in making the most responsible decision for a financially sound future.

"The Executive Branch lacks the authority to unilaterally forgive federal student loan debt, but President Biden has already shown that he has no qualms about issuing orders outside of his purview. The Fairness for Responsible Borrowers Act will ensure that the American public is protected from the inevitable monetary consequences of a backward policy issued on unstable ground during an already tumultuous time."

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