E&W Blog

For anyone who forgot, the Department of Education (ED) radically underestimated the true cost of the federal student loan program. Although the federal government originally expected to generate revenue off student loans, the Government Accountability Office (GAO) recently found that the Education Department’s budget erred by $311 billion. For decades, economists warned that ED’s budget was wrong... Read more »

The Biden administration is ignoring Republican calls for federal student loan system reform. The student loan program is broken, but extending the inflationary repayment pause or providing mass student loan cancelation and forcing taxpayers to foot the bill is not the answer. Rather, it will exacerbate the vicious cycle of colleges charging higher tuition prices and students borrowing more and mo... Read more »

The Biden administration is expected to announce its decision on whether borrowers will resume repayment on student loans—yet regardless of the President’s decision, taxpayers will be hurt. Coming out of the COVID-19 pandemic, Americans needed a decisive leader. Unfortunately, this administration did the one thing Americans did not need: wait. August marks the 20th month of loan repayment pauses s... Read more »

Today, President Biden will sign the so-called Inflation Reduction Act before the release of the final Congressional Budget Office (CBO) score, which lays out how much a bill will cost taxpayers. Despite not having final numbers from CBO, Democrats are already claiming that this bill will reduce the deficit. Yet we know the cost of government programs are underestimated while profits are overestim... Read more »

Democrats’ reconciliation bill implements socialist price-setting controls on prescription drugs and expands spending on Obamacare. These inflationary subsidies are a threat to employer-sponsored insurance and will ultimately raise the price of health care. H.R. 5376, or the Inflation Expansion Act, moves our country closer to a socialist health care system. Drug price controls are a known barrier... Read more »

The nation’s student loan system is unsustainable and has resulted in more than 40 million Americans collectively owing over $1.6 trillion in federal student loan debt. Republicans have a solution to help borrowers most in need while protecting taxpayers. Here’s what you need to know… Unfortunately, President Biden wants to enact sweeping student debt cancelation by executive fiat and leave taxpay... Read more »

A new report by the nonpartisan Government Accountability Office revealed that the Department of Education’s estimates on the cost of the federal student loan program were off by hundreds of billions of dollars. The report concludes that the massive budget mistake was due to irresponsible changes to student loan programs and incorrect assumptions about borrowers’ repayment choices and economic cir... Read more »

The Department of Education (ED) misled taxpayers for decades. Progressive policymakers have claimed that the federal student loan program would pay for itself—this is utterly false. In fact, because of faulty budgeting, this system has been costing taxpayers billions each year. Despite this, Democrats are still lobbying the Biden administration to enact massive loan forgiveness. Here’s what you n... Read more »

Our higher education system needs wholesale reform. That’s why Education and Labor Committee Republican Leader Virginia Foxx (R-NC) and Committee Republicans held a roundtable looking at how institutions can have more skin in the game and partner with the private sector to improve student outcomes. Some institutions of higher education are pioneering the practice of offering insurance coverage for... Read more »

Politico reported that Republicans “hijacked” and “dominated” yesterday’s hearing on tribal colleges by instead focusing on President Biden’s radical student loan agenda. This tactic clearly upset the Democrats. Rep. Leger Fernandez (D-NM) stated, "The minority has decided to hijack this hearing to score political points about student loans.” And Chairman Scott (D-VA) said he was “disappointed” wi... Read more »