Hispanic-Americans advocacy group: Government shouldn’t transfer student loan debt to taxpayers

Hispanic-Americans advocacy group: Government shouldn’t transfer student loan debt to taxpayers

Canceling student loan debt does “nothing to address the root issue of escalating college tuition costs,” ~ LIBRE Initiative President Daniel Garza.

By Natalia Mittelstadt

A leading advocacy group for economic prosperity for Hispanics is opposing President Biden’s cancellation of student loan debt for some people in the U.S., saying the move is just “transferring the financial burden of student loans to taxpayers.”

“The government should not be in the business of transferring the financial burden of student loans to taxpayers and do nothing to address the root issue of escalating college tuition costs,” Daniel Garza, president of the LIBRE Initiative, said Thursday, after Biden made the announcement. 

“Instead of subsidizing student loans with taxpayer dollars, policymakers should systemically alter how students finance their postsecondary education.”

Garza also said about Biden cancelling as much as $20,000 in student loan debt for some Americans: “For many Latinos obtaining an undergraduate degree is a dream come true. Other Latinos meanwhile have been able to start a business, perfect their trade and launch a career all without a university degree.”

The group also points to analysis by the Brookings Institution that shows Hispanics and Latinos make up just 9% of the U.S. population, but hold only 6% of student debt.

According to a recent The Economist/YouGov poll, 33% of Latinos have already paid off their student loans, while 54% said they never had any, compared to 13% who still have student debt.


(TLB) published this article  with permission of John Solomon at Just the News.  Click Here to read about the staff at Just the News

Header featured image (edited) credit:  Classroom/students/Getty Images

Emphasis added by (TLB) editors



Stay tuned to …


The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)


Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.


Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.


Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.

Be the first to comment

Leave a Reply

Your email address will not be published.