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Tipsheet

White House Tries to Clean Up Biden's Student Loan Bailout Comment, Fails Miserably

AP Photo/Manuel Balce Ceneta

The White House attempted on Monday to clean up President Biden’s false claim that his student loan bailout was passed by Congress, telling Fox News correspondent Jacqui Heinrich he was referring to the Inflation Reduction Act.

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According to the statement, the IRA “reduced the deficit by [billions] of dollars, creating room for other crucial programs.”

“As you know, no Republicans voted for the Inflation Reduction Act in the House or the Senate, where it passed by a single tie-breaking vote by Vice President Harris,” the statement added. 

 

The full quote surrounding Biden’s comment that he “got it passed by a vote or two” makes it clear, however, that he was referring to the student loan “cancellation.”

"I’ve just signed a law that’s being challenged by my Republican colleagues, they’re the same people who got PPP [Paycheck Protection Program] loans — in some cases up to five, six hundred thousand dollars — they have no problem with that, the individuals in Congress got those,” he said during a NowThis ‘Make Your Mark’ forum. “But what we’ve provided for is if you went to school if you qualify for a Pell Grant . . . you qualify for $20,000 in debt forgiveness. Secondly, if you don't have one of those loans, you just get $10,000 written off. It’s passed. I got it passed by a vote or two, and it’s in effect."

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Despite a federal appeals court temporarily blocking implementation of the program following a challenge from six GOP-led states, Education Secretary Miguel Cardona said the administration is "moving full speed ahead."


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