Statement from Congressman John Joyce on Debt Transfer Scam

Washington, DC – Congressman John Joyce, M.D. (PA-13) issued the following statement today regarding President Biden’s student debt transfer scam:

“Despite soaring inflation, President Biden is bypassing Congress and single-handedly acting to take the tax dollars of hardworking Pennsylvania families – many of whom either did not go to college or sacrificed for years to fully repay their student loans – and use that money to fulfill a campaign promise to the political left.

"This stroke of a pen will cost taxpayers over $300 billion in the next ten years.

"Instead of addressing the high cost of education, the Biden Administration is doubling down on the same failed policies that have caused our current economic crisis: spending more money.

"Even by the far-left’s standard, this is a waste of taxpayer dollars.

"Pennsylvania families deserve real solutions to make education more affordable and accessible, not $10,000 bribes to wealthy borrowers earning a quarter million dollars a year.”

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