The Student Loan Forgiveness Scam

Prager University (PragerU) released today a new video exploring the latest plan by the Biden Administration to destroy the middle class while enriching donors and wealthy elitists. Driven by self-interest, Democrats continue to prove themselves largely a criminal enterprise – with your tax money.

PragerU begins, “It’s hard to imagine how we could screw up higher education any more than we already have, but we’re about to—if we make sweeping student loan forgiveness a reality. How? To answer this question, we must start by asking another one: cui bono?”

Click here for the short video https://www.prageru.com/video/the-student-loan-forgiveness-scam

The Biden administration announced it was going to cancel student loan debt for some Americans.

Biden announced on Wednesday a plan to “forgive” $10,000 in federal student debt for some borrowers. Top Biden advisor Susan Rice says Biden’s student loan debt bailout “is not a giveaway to rich people.”

FACT: 73% of the canceled debt will go to households in the top 60% of the income distribution. pic.twitter.com/Z83qKj1wJE

RNC Research (@RNCResearch) August 24, 2022

Susan Rice was previously put in charge of an effort to expand mail-in voting. During the Obama-Biden Administration and after the Benghazi terror attack, Rice went on multiple national news shows and claimed the attack was because of a YouTube video which she knew was false.

Susan Rice

However, another former Barack Obama economic adviser Jason Furman went on a lengthy Twitter rant on Wednesday afternoon ripping President Biden’s student loan handout as “inflationary,” “reckless,” and government overreach.

“Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless,” tweeted Furman, who served as chairman of the president’s Council of Economic Advisers during the Obama-Biden administration. “Doing it while going well beyond one campaign promise ($10K of student loan relief) and breaking another (all proposals paid for) is even worse.”

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