Peach Tree Times

Georgia's Attorney General Chris Carr has criticized the Biden-Harris administration's student loan plan, describing it as a "$475 billion taxpayer-funded bailout" for high earners. Carr made his statement in an August 9 post on X.

"We've once again shut down the Biden-Harris administration's unlawful student loan scheme," said General Chris Carr. "This is a $475 billion taxpayer-funded bailout for those with the highest earning potential. It's financially irresponsible, fundamentally unfair & still blocked from taking effect."

According to Reuters, a federal appeals court extended an order preventing President Joe Biden's administration from advancing its student debt relief plan. The plan aims to reduce monthly payments and expedite loan forgiveness. The 8th U.S. Circuit Court of Appeals in St. Louis granted a broader injunction requested by seven Republican-led states, arguing that a lower-court order did not fully block the U.S. Department of Education's plan.

Attorney General Chris Carr x post | x

The Biden-Harris Administration's proposed regulations aim to provide debt relief to federal student loan borrowers under certain conditions. According to the U.S. Department of Education, the relief targets borrowers who owe more than they did at the start of repayment, those who have been in repayment for long periods, individuals eligible for forgiveness but have not yet applied, and those who attended institutions that failed to meet financial value standards.

Carr was appointed as Georgia's attorney general by then-Governor Nathan Deal in 2016 and was re-elected in November 2022. Since taking office, he has focused on addressing issues such as human trafficking, gang activity, and opioid misuse. This includes the establishment of the state's first Human Trafficking Prosecution Unit and Gang Prosecution Unit. Additionally, Carr previously served as commissioner of the Georgia Department of Economic Development, during which Georgia was recognized as the top state for business with substantial investment and job creation.