Press ReleaseMay 17, 2024

Job Creators Network Files Comments Opposing Biden Administration’s Proposed Student Loan Bailout

Today, Job Creators Network filed public comments opposing the Biden Administration’s proposed student loan bailout under the Higher Education Act. Read the comments here.

Elaine Parker, president of Job Creators Network Foundation, released the following statement:

“President Biden’s latest student loan bailout lawlessly ignores the Supreme Court and Congress. This is just the latest example of executive overreach by the Biden administration in an attempt to buy votes in this year’s election. Student loan bailouts do nothing to address the underlying cause of the student loan crisis: unaccountable colleges that overcharge students. In fact, bailouts give them carte blanche to keep on price gouging, exacerbating this crisis for generations to come.”