Dave Ramsey, personal finance expert and bestselling author, shared reaction to the Biden student loan handout on August 24, 2022, calling it an 'obvious political ploy.'
"This is aggravating," he said. He noted that the student loan industry is "predatory."
For months, Ramsey has been saying that the president would likely announce something about student loan cancellation or forgiveness around this time of year — just ahead of the midterms. Ramsey said he also feels angry because he sees this as "an obvious political ploy, when this presidency, from an economic standpoint, is the greatest failure since Jimmy Carter."He talked about high gas prices and high food prices.
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