Former Vice President Mike Pence officially announced his candidacy for President of the United States in the 2024 Election during a speech in Ankeny, Iowa on June 7, 2023. Pence, who previously served in the White House under President Donald Trump, is now competing against him in the Republican presidential primary. Republican leaders and other presidential contenders, including Senator Tim Scott, praised the Supreme Court’s recent decision to strike down President Joe Biden’s student loan relief program. They deemed the plan as illegal and immoral, arguing that it would transfer student debt to taxpayers. Scott emphasized the importance of repaying loans if they are taken out. Biden’s debt-forgiveness initiative aimed to cancel up to $20,000 in student loans for millions of borrowers at a cost of approximately $400 billion. The payments on these loans, which had been paused for over three years, are set to resume in October. The 6-3 ruling by the conservative-majority court dealt a significant blow to Biden’s efforts to provide relief to Americans impacted by the pandemic. Despite this setback, education policy expert Katharine Meyer believes that the ruling will not put an end to the efforts to forgive student loan debt. Biden expressed determination to continue the fight in a tweet from his official Twitter account. Pence and other GOP members criticized the plan, arguing that it favored wealthy college graduates who tend to lean Democratic. However, data from The Washington Post reveals that the majority of borrowers have smaller loan amounts and include many individuals who did not earn a college degree. Some Republicans, such as Florida Governor Ron DeSantis and a group of Senate Republicans, have proposed alternative solutions for addressing the country’s growing student loan debt. DeSantis suggested holding universities accountable when their students default on their debt, while the Senate Republicans introduced bills to tackle the rising costs of higher education. Despite the opposition from Republicans, the idea of canceling student debt remains popular among registered voters. As of now, neither Trump nor DeSantis has commented on the Supreme Court’s ruling.
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