Here’s something you won’t hear Joe Biden talk about today: His student loan bailout is susceptible to massive fraud.
Biden’s Education Department purposefully chose NOT to require proof of income at the time of application for those applying for a bailout. Why? In the past, the DoE has insisted that “added layer of bureaucracy would likely take longer for the Education Department to implement.” Far be it from the Biden administration to actually implement some safeguards when spending up to $1 trillion of taxpayer money.
The result? Student loan experts are warning the program is “ripe for mass-scale fraud and abuse.”
Fox News: According to experts, Biden's student loan bailout is “ripe for mass-scale fraud and abuse.” pic.twitter.com/6KZvUvvLNV
— RNC Research (@RNCResearch) October 19, 2022
So Biden’s big plan is an inflationary, up to $1 trillion bailout that disproportionately helps the wealthy – paid for by taxpayers who didn’t go to college – that is ripe for fraud. That’s the swamp for you.
