A group of TikTok influencers were invited to the White House this week for a briefing about their student loan debts.
The briefing was led by Viviann Anguiano and Neera Tanden, both of them members of President Joe Biden’s Domestic Policy Council, according to the Daily Mail.
“Together they reassured the group that they, among other young Americans, would not have to pay part of their student loans, thanks to the actions by President Biden,” the Daily Mail exclusively confirmed on Friday.
Inside the Biden White House’s secret briefing to TikTokers: Young influencers told they will NEVER have to pay back any debt in extraordinary meeting
https://t.co/zJYC2eNf8o— Stoned Ranger (@Stoned_Ranger_) April 13, 2024
Some of the influencers were doubtful because the Supreme Court previously blocked the president’s first attempt at cancelling young people’s student loan debts, but Anguiano reportedly reassured them.
“We’re doing everything we can to ensure that, as we view broader fixes on our proposals, that those are being provided and the relief is being provided to borrowers,” she said.
Among the influencers present for the briefing were Harry Sisson and Vitus Shehar, both of whom have massive followings on social media.
This briefing occurred sometime before the Biden administration officially announced on Friday that it intends to cancel another $7.4 billion in student loans, despite its first attempt at cancelling loans having been blocked by the Supreme Court.
This move is expected to affect 277,000 people.
“More than 200,000 of those who qualified had borrowed relatively small amounts originally — $12,000 or less — and have been making payments through the administration’s income-driven repayment plan, known as SAVE,” according to The New York Times.
“Others who will see relief include teachers, librarians, academics and public safety workers who have been making student loan payments for 10 years under the Public Service Loan Forgiveness program. Another 65,000 borrowers enrolled in other income-driven repayment plans will see adjustments reducing their debt,” the Times reported.
Republicans are not happy about this plan and have claimed it amounts to nothing more than a transfer of wealth.
“These loan schemes do not forgive debt. They transfer the debt from those who willingly took it on to the 87 percent of Americans who decided to not go to college or already worked to pay off their loans,” Sen. Bill Cassy said in a statement.
“This is an unfair ploy to buy votes before an election and does absolutely nothing to address the high cost of education that puts young people right back into debt,” he added.
Ranking Member @SenBillCassidy today released a statement following President Biden’s latest announcement to shift student loan debt onto taxpayers:https://t.co/koiE3bWETX
— Senate HELP Committee GOP (@GOPHELP) April 8, 2024
House Speaker Mike Johnson also pounced.
“The national debt is $34 trillion. Inflation is making life unaffordable and this administration is now forcing the American people to pay the costs of student loans that borrowers willingly signed up for,” he wrote on Twitter/X. “Biden’s policies are completely backward and illegal.”
Many on the right were also ticked off.
Look:
Canceling loans? You mean transferring the debt to the rest of us? #communism
— Reene (@ReallyReene) April 12, 2024
Not CANCELLED, Passed on to taxpayers who didn’t sign the loan documents and didn’t receive the funding or schooling.
— Beached Crypto Whale (@crypto_beached) April 12, 2024
Biden doesn’t know if he has the power to close the border, but he can sidestep congress to do this. Both ways, he’s buying votes.
— Winter_Rewind (@WinterRewind) April 12, 2024
Biden using federal debt to cover individuals’ debt which they actively requested. And at a time when the future of promised entitlements (eg Social Security) is in question. The US needs better leadership.
— TheTuck (@Tuckdacity) April 12, 2024
He is not “canceling”. He is using tax dollars to pay them off. Yours, mine and everyone else’s. you, I and everyone else will pay more taxes. Think about how much tax you pay. Gas, phone, groceries, water runoff. everything is taxed. That’s money we pay for gov to waste
— Gordan Shumway (@GordanShumway8) April 12, 2024
But unlike the millionaire TikTok influencers whom the Biden administration courted this week, it appears these everyday voters aren’t part of Biden’s core constituency and therefore don’t matter.
Analysis from the non-partisan Committee for a Responsible Federal Budget previously found that any student loan forgiveness by the Biden administration would mainly benefit the wealthy.
“In the end, the Administration’s student debt cancellation proposal is costly, inflationary, will drive up higher education costs, and will deliver the majority of the benefits to those in the top half of the income spectrum,” the committee reported in 2022 about the admin’s previous student loan forgiveness plan.
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Author: Vivek Saxena
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