JCNF Press ReleaseJuly 18, 2024

Job Creators Network Foundation Celebrates Appeals Court Decision Blocking Biden’s Student Loan Bailout Workaround

Elaine Parker, president of Job Creators Network Foundation, released the following statement in response to today’s appeals court decision blocking President Biden’s Saving on a Valuable Education (SAVE) income-driven repayment program plan:

“The appeals court has stood up for ordinary taxpayers and current and future college students by blocking President Biden’s lawless student loan bailout workaround. The court is holding the Biden administration accountable for ignoring the Supreme Court’s decision last year striking down its broader student loan bailout in a case brought by Job Creators Network Foundation. 

“The Biden administration’s income-driven repayment program plan workaround threatened the rule of law and gave colleges a blank check to keep on overcharging. Today’s ruling sets the stage for meaningful bipartisan reform to address the root cause of the student loan crisis: price-gouging colleges that have raised tuitions at twice the rate of inflation over the past couple of decades.”