Hoeven Statement on Biden Student Debt Cancellation

GRAND FORKS, N.D. – Senator John Hoeven today issued the following statement after President Biden announced his plan to cancel student debt. 

“The Democrats’ reckless spending has caused record-high inflation, and now the Biden administration wants to spend billions more for student loan debt forgiveness,” said Hoeven. “As we’ve seen with the price of gas and groceries, this is the wrong approach and does nothing to actually make college more affordable. Also, it’s unfair for those who have paid for their college or didn’t go to college.”  

Hoeven has worked to advance measures that will improve the affordability of higher education while giving workers more options to help repay their student loans. His efforts include:

  • Cosponsoring the following legislation:
    • Employer Participation in Repayment Act, which was signed into law and allows employers to provide tax-free student loan repayment up to $5,250 per year.
    • Jumpstart Our Businesses by Supporting Students (JOBS) Act, a bill to make Pell grants more flexible by extending Pell eligibility to students pursuing high-quality, shorter-term job training programs that meet regional workforce needs.
  • As a member of the Senate Appropriations Committee, working to ensure strong support for Pell grants to help get financial assistance for higher education to those who need it most.