Commentary: Time to Ask Tough Questions About These Student Loan Bailouts - Tennessee Star
- On January 13, the Education Department announced student loan forgiveness for more than 150,000 borrowers, totaling over 5 million individuals with canceled student debt.
- Rep. Glenn Grothman plans to reintroduce the Protecting Taxpayers from Student Loan Bailouts Act, which aims to prevent future student loan bailouts by administrations.
- The bill defines economically significant actions as those likely to affect the economy by $100 million or more or adversely affect various sectors.
- Republicans, including Tim Walberg, criticize the expanded loan forgiveness, stating that the higher education system needs serious reform beyond temporary measures.
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