Fallon blasts plan to forgive student loans
(KTEN) — President Biden's student loan forgiveness program has been stalled by a district appeals court.
Texas Rep. Pat Fallon (R-District 4) says he is glad that the program is being challenged, calling it "bad policy."
Fallon — who is facing challenges from Democratic candidate Iro Omere and Libertarian John Simmons in his November 8 reelection bid — says he patently rejects the loan forgiveness program, even if the plan was changed in some way.
Students can apply for full or partial discharge of student loans up to $20,000.
Fallon said he does not believe the executive branch has the authority to cancel debt.
"This is illegal; it encroaches on Congress's exclusive spending authority," he said. "I think it's illegal. I think it's irresponsible. And I think it's ill-conceived."
Despite the president's plan to plan being in limbo, applications for student loan forgiveness are still open. If the appeals court dismisses the case, the program will be able to continue as planned.
The federal appeals court where the program was blocked is expected to release a ruling as early as next week.