People who have less money due to inflation will repay loans from high-income doctors and doctors

On Tuesday’s broadcast of Fox Business Network’s “Fox Business Tonight,” Senator Marsha Blackburn (R-TN) said that as people have less money due to inflation, ” you have these doctors and doctors getting their loans paid off.”

Blackburn said, [relevant remarks begin around 1:35] “[I]It is so important to realize that the majority of student loans are held by people with advanced degrees, doctors, lawyers, doctors. And these are individuals who are going to be high earners. Now you have a small amount of student loans held by your low income earners. And here’s a great example, a lady I know, a single mom, a daughter, they both worked two jobs for five years to allow her to go to college without any student debt. She came up to me and said, Marsha, do I get a tax credit? Does my daughter get a tax credit? If they start giving money what about people like me who played by the rules who made sure we worked overtime and overtime to pay for education so her daughter could become a primary school teacher? That’s how it affects people, and we get more calls in our office about the student loan forgiveness program than anything else. … Now, Dagen, they’re looking to get less money for everyone because more money is going to the basics, and then you have these doctors and doctors getting their loans paid off.

Follow Ian Hanchett on Twitter @IanHanchett


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