Walberg Rejects Student Loan Bailouts, Supports Cost Reduction Measures

tim-walberg-recovers-12-8-20

ADRIAN — Congressman Tim Walberg has doubled down on his opposition to canceling student loan debt, rejecting proposals that would use federal funds to forgive billions in educational borrowing.

Speaking during a recent in-district update, Walberg described the concept of student debt relief as an unfair redistribution of financial responsibility, shifting the cost of higher education onto taxpayers, including those who never attended college or have already paid off their loans.

He promoted a package of fiscal reforms advanced by the House that includes alternative provisions for education. Rather than cancel debt outright, Walberg favors income-based repayment models and market-driven strategies to curb rising tuition costs.

While critics argue that debt cancellation could offer immediate relief to millions of borrowers, Walberg maintained that such measures fail to address the structural problems in the education system. He emphasized transparency in college pricing and long-term affordability as more responsible solutions.

The House-backed proposal is now part of a larger budget reconciliation package under review in the Senate.

Walberg said Congress should avoid what he called short-term political gestures and instead focus on policies that enforce borrower accountability while gradually reducing education costs. Final action could occur later this summer.