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Donald Trump Jr. says Biden's student-loan-forgiveness plans would force workers who didn't go 'to college to get drunk for 4 years' to pay for 'worthless gender study degrees'

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Donald Trump Jr. speaks.
Donald Trump Jr.Alex Wong/Getty Images
  • Donald Trump Jr. slammed Biden's plans to cancel student debt in comments to The Washington Post.

  • He said the plans would bail out people with "worthless gender study degrees."

  • Republicans are ramping up criticism of debt forgiveness as Biden nears a decision.

Donald Trump Jr. isn't shy about his thoughts on President Joe Biden's plans to forgive some student debt.

"Biden essentially wants blue-collar workers like truck drivers — who didn't have the luxury of going to college to get drunk for four years — to bail out a bunch of upper-middle-class kids who chose to spend tens of thousands of dollars that they didn't have on worthless gender study degrees," Trump told The Washington Post.

According to The Post, Trump's comments came after his criticism of student-loan forgiveness during a rally for the Senate candidate JD Vance in Ohio last month — and he joins the growing number of Republicans who worry Biden will cancel student debt.

The president recently indicated a decision on loan forgiveness would be made in the coming weeks, but it's unclear what that relief will look like. He said he's not considering $50,000 in debt reduction for every federal borrower, and while multiple reports have suggested the relief might be targeted to those making under $125,000 a year, Politico reported that capping relief based on income wasn't something the Education Department alone had the ability to do.

Trump's concern that student-loan relief would go to the wealthy hasn't repeated by only Republicans — it's one Biden himself has shared.

"The idea that you go to Penn, and you're paying a total of 70,000 bucks a year, and the public should pay for that? I don't agree," Biden said last year.

Rep. Virginia Foxx, a top Republican on the House's education committee, said in a statement last month that "taxpayers have been footing the student loan bill for graduate students and Ivy League lawyers to the tune of $5 billion every month while their wallets are being drained by skyrocketing inflation," referring to the cost of the pandemic pause on loan payments, which is set to expire after August 31.

When it comes to whom student-loan relief would benefit, and how it would affect the economy, many Democrats believe the opposite.

A report from the Roosevelt Institute found that the relief would benefit low-income earners most, and while Treasury Secretary Janet Yellen told senators last week the effect of forgiveness still needed to be analyzed, she said it "could be good for the economy."

Politico reported that three leading voices for debt forgiveness — Sens. Elizabeth Warren, Chuck Schumer, and Raphael Warnock — were requesting that Biden hold off on issuing an executive order on loan forgiveness until they could meet with him one last time and push him to go big on debt cancellation.

Read the original article on Business Insider