High Country Times

Today, Education and the Workforce Committee Chairwoman Virginia Foxx (R-NC) criticized the Biden administration's approach to student loan debt, stating, "Here we go again. President Biden continues to break the law in his quest to make college ‘free.’ The problem is these so-called solutions to the student loan system outlined in the President’s plans forces taxpayers—many of whom never stepped foot on a college campus— to pay for loans others willingly took out and benefited from. Mr. President, this is not monopoly money. Students, families, and taxpayers deserve real solutions to lower the cost of college and fix the federal student loan program."

Foxx highlighted the Republican solutions to lower college costs, including the recent passing of H.R. 6951, the College Cost Reduction Act. This legislation aims to address concerns regarding the affordability of postsecondary education by ensuring clear and personalized information about costs and return on investment for prospective students and families. Additionally, the bill holds institutions accountable for overpriced degrees, provides targeted relief to struggling borrowers, and funds colleges based on student outcomes.

The Committee's efforts focus on tackling low completion rates, unaffordable student debt, and the inflated cost of obtaining a college degree. By emphasizing accountability, targeted relief, and financial responsibility, the Republican proposals aim to provide real solutions to the challenges faced by students, families, and taxpayers in the realm of higher education.

In conclusion, Virginia Foxx urges President Biden to reconsider his approach to student loan debt and prioritize solutions that do not burden taxpayers unnecessarily. She emphasizes the importance of realistic measures to lower the cost of college and improve the federal student loan program for the benefit of all stakeholders involved.