JCNF Press ReleaseJanuary 17, 2024

Job Creators Network Foundation Calls Out Student Loan Borrower Temper Tantrum

Elaine Parker, president of Job Creators Network Foundation, released the following statement in response to reports student loan borrowers are not repaying their loans in hopes of pressuring the Biden administration to cancel them:
“Student loan borrowers are throwing a temper tantrum about having to repay their loans after a three-and-a-half-year payment holiday. President Biden is largely responsible for these young adults’ bad decisions because he has continually given them false hope that their loans will eventually be canceled. In violation of the Supreme Court decision striking down its student loan bailout, the Biden administration has lawlessly pursued workarounds to forgive debt for millions of borrowers. Many borrowers hope their turn will be next, but they risk financial ruin by taking this gamble. Rather than demanding that taxpayers forgive their loans, students should protest their colleges for saddling them with these debts in the first place. Colleges have more than doubled tuition prices over the last couple of decades, adjusted for inflation, and must be held accountable for their role in the student loan crisis.”