Nearly half of the country's governors have signed off on a letter to President Joe Biden asking him to withdraw his student loan forgiveness plan that would cancel up to $20,000 for federal aid borrowers, NPR.org reported. "As governors, we support making higher education more affordable and accessible for students in our states, but we fundamentally oppose your plan to force American taxpayers to pay off the student loan debt of an elite few..." the governors said in a letter dated yesterday. The governors, all Republicans, argue that the lowest income Americans will be paying the debts of doctors, lawyers and professors "with the most debt, such as $50,000 or more..." Though, Biden's plan caps relief at $20,000 for those who received Pell grants — awarded to low-income students — and $10,000 for students who did not get Pell grants in college. Additionally, individuals who make more than $125,000 are not eligible for the one-time relief. "College may not be the right decision for every American, but for the students who took out loans, it was their decision: able adults and willing borrowers who knowingly agreed to the terms of the loan and consented to taking on debt in exchange for taking classes," the letter states. "A high-cost degree is not the key to unlocking the American Dream — hard work and personal responsibility is." It further argues that it is unfair to those who previously already paid off their student loans.
