Geee Posted September 1, 2022 Share Posted September 1, 2022 Taxpayers have footed the bill for more than $50 million in student loan payments for Capitol Hill staffers over the last few years thanks to a little-known scheme. While many lawmakers were busy slamming President Joe Biden's controversial student loan forgiveness plan, almost all were simultaneously offering up to $80,000 in taxpayer-funded student debt relief to people who worked for them. Under the largely unknown plan, taxpayers are footing the bill for Capitol Hill staffers' college bills. Those in the Senate can receive up to $40,000 directly from the Treasury to pay down their federal student loans. The House is even more generous, with up to $80,000 on offer through a nearly identical benefit created in 2023. Monthly benefit payments for Senate staffers are capped at $500 a month, while House staffers have a larger monthly cap of $833. Despite the cap, the U.S. Treasury has paid off $36.5 million in House staffers' student loans since the start of 2020, according to House disbursement records. Senate staffers enrolled in the benefit have seen just over $15 million wiped away from their outstanding student loan balances since October 2019, Senate records show. Washington Examiner Link to comment Share on other sites More sharing options...
Valin Posted September 9, 2022 Share Posted September 9, 2022 Student Loan Forgiveness As Class Warfare (Snip) (Snip) Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now