DES MOINES, IOWA (September 12, 2022) — Governor Kim Reynolds, along with 21 other Governors, has sent a letter to President Biden vehemently opposing his plan to forgive federal student loans for millions of Americans.

“We support making higher education more affordable and accessible for students, but not at the expense of the American tax-payers,” said Gov Reynolds. “Your plan will encourage more student borrowing, incentivize higher tuition rates, and drive-up inflation even further. These outcomes hurt everyone, but none more so than the millions of working-class Americans who’ve already paid off their loans or chosen not to borrow.”

Currently, an estimated 16-17% of Americans have federal student loan debt that would be forgiven under the Biden Administration’s plan, shifting the burden of cost to each American tax-payer to the tune of more than $2,000 or $16 billion in total.

“Rather than addressing the high cost of tuition for higher education or working to lower interest rates for student loans, your plan kicks the can down the road and makes today’s problems worse for tomorrow’s students,” said Gov Reynolds.

The Governors request the President immediately withdraw his student loan plan. You can read the full letter here.

Support the River Cities' Reader

Get 12 Reader issues mailed monthly for $48/year.

Old School Subscription for Your Support

Get the printed Reader edition mailed to you (or anyone you want) first-class for 12 months for $48.
$24 goes to postage and handling, $24 goes to keeping the doors open!

Click this link to Old School Subscribe now.



Help Keep the Reader Alive and Free Since '93!

 

"We're the River Cities' Reader, and we've kept the Quad Cities' only independently owned newspaper alive and free since 1993.

So please help the Reader keep going with your one-time, monthly, or annual support. With your financial support the Reader can continue providing uncensored, non-scripted, and independent journalism alongside the Quad Cities' area's most comprehensive cultural coverage." - Todd McGreevy, Publisher