Dallas City Wire

WASHINGTON – On June 30, Congresswoman Jasmine Crockett (TX-30) released the following statement after the Supreme Court ruled to strike down student loan forgiveness implemented by the Biden Administration. In 2022, President Biden took action to grant student loan debt relief under authority granted to Secretary of Education by the HEROES Act passed by Congress and signed into law in 2003.

“Today, the Supreme Court decided to legislate from the bench and shackle millions of borrowers to often predatory student loan debt that has left entire generations of Americans poorer than their parents for the first time in American history. Millions of Americans were pressured to take on student loan debt to compete in our modern workforce, and are now trying to pay off mountains of debt with wages that have remained largely stagnant for decades. The cost of higher education is roughly ten times higher than it was 50 years ago, rents and cost of living have skyrocketed, while average wages adjusted for inflation have barely changed in that same amount of time. Unlike other forms of debt, student loan debt is virtually impossible to discharge, while unforgiving lenders are authorized to garnish wages less than a year out of school. And like so many other rulings from this extremist Supreme Court, student loan debt disproportionately impacts Black and Brown borrowers, single parents, and low-income Americans.

“This ruling is especially ironic, given that a Supreme Court Justice has apparently found the cost of education in America so unbearably high that he must depend on the generosity of a billionaire patron to cover the cost of tuition for a child in his care. For the majority of Americans who don’t have billionaire buddies to cover their bills, this ruling threatens to bankrupt a generation already crippled by two recessions and a pandemic in their prime working years. Today’s working Americans are facing skyrocketing costs of living, stagnant wages, and staggering debt – all while paying for the Social Security and Medicare costs of their parents while being told these programs will be bankrupt by the time they need them. We are robbing the young while refusing to increase taxes on the wealthy, and bankrupting the future of America in the process.”

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Congresswoman Jasmine Crockett represents portions of Dallas and Tarrant Counties, with the cities of Dallas, Grand Prairie, DeSoto, Cedar Hill, Lancaster, Duncanville, Glenn Heights, Hutchins, Wilmer, Arlington, Ovilla, and Seagoville.

Original source can be found here.