Omaha, Neb. – Rep. Don Bacon (NE-02) came out strong against President Biden’s nearly $300 billion so-called student loan forgiveness plan, referring to is as a ‘ robin-hood in reverse’ scheme.

“President Biden’s federal student loan cancelation plan is a "robin-hood" in reverse where the working man and woman is paying for the wealthiest in our society. Those who worked two jobs to pay off their school debt or selected the most cost effective means to gain an education got the shaft from Joe Biden. From the laborer who went to a trade school and has zero debt, to our Nebraska farmers who are fighting high fuel and fertilizer prices, this plan simply shifts the burden of debt to them to pay off, but does not erase it. This also undermines our military who incentivize joining by offering degrees and tuition assistance. 

"We should be looking at programs that lower interest rates, incentivize employers to offer tuition assistance programs, or offer some forgiveness to those who take needed jobs in underserved areas. Our national debt continues to grow and this undermines personal accountability.” 

###

###