U.S: Why Republican oppose Biden over students’ loan cancellation

U.S: Why Republican oppose Biden over students’ loan cancellation

Republican party members in the United States of America have objected the decision of President Joe Biden to forgives $10,000 in federal student debt per borrower.

According to the main opposition, the forgiveness is an unfair handout.

It’s going to favour the wealthier Americans at the expense of tax payers who didn’t go to College.

“It’s will worsen inflation and a big cost for the nation”, the Republican protested.

However, President Biden has insisted on fulfilling his campaign promise even though it’s coming at a time Americans described as overtime.

According to the President, the cancellation is for those who receive less than $125,000 per annum, of which the total sum is $300bn.

President will be cancelling the debts to ease the students from the burden as promised during his campaign.