Over the past decade, the cost of attending college has increased dramatically. According to the College Board, in-state tuition and fees at public four-year colleges and universities have increased approximately 72 percent since 2001. In my home state of North Carolina, the sticker price for four-year public colleges has jumped 25 percent in the past two years alone. This troubling trend of highe... Read more »
On Wednesday, November 30 at 10:00 a.m., the Subcommittee on Higher Education and Workforce Training, chaired by Rep. Virginia Foxx (R-NC), will hold a hearing entitled, “Keeping College within Reach: Discussing Ways Institutions Can Streamline Costs and Reduce Tuition.” The hearing will take place in room 2261 of the Rayburn House Office Building. Over the last decade, college costs have risen dr... Read more »
As the default rate rises on federally backed student loans, President Obama has responded with a plan to make education lending even more expensive for taxpayers. That's hard to do, but he's determined. In his first student-lending reform, which was rushed through the Senate as part of ObamaCare, Mr. Obama added $1 trillion to the federal balance sheet over the next decade by eliminating private... Read more »
On Monday, U.S. House Committee on Education and the Workforce Chairman John Kline (R-MN) spoke with the Wall Street Journal's James Freeman about President Obama’s controversial student loan plan, as well as the Protecting Jobs from Government Interference Act, bipartisan House-passed legislation that would prohibit the National Labor Relations Board from dictating where a private business can an... Read more »
House Education and the Workforce Chairman John Kline (R-MN) today appeared on "Fox and Friends" to discuss President's Obama's plan to bypass Congress and unilaterally alter federal student loan policies. “I just think this is a mistake," said Chairman Kline. "It is very confusing. I’ve talked to a lot of people about what the president’s proposal is and it’s very difficult to figure out. Some of... Read more »
This week, the Obama administration heralded their latest initiative to “fix” the American economy. This time, it is a plan that unilaterally alters federal policies governing federal student loans. Amazingly, the president has pledged this “won’t cost taxpayers a dime.” In fact, White House officials have upped the ante, claiming that this latest government plan will actually end up saving taxpay... Read more »
White House officials announced a new plan they claim will significantly lower student loan payments. In a speech yesterday at the University of Colorado, President Obama told students, “Americans could see their payments go down by hundreds of dollars a month.” Sounds great – but like most things with this administration, the facts reveal that the average student loan holder is unlikely to see an... Read more »
Dear Secretary Duncan: On October 26, the president announced his intention to unilaterally alteral federal policies governing federal student loans. I share the administration's concern with the high cost of higher education and the burden of debt it places on students and their families. However, numerous questions surround the president's latest proposal, including its impact on taxpayers. To ... Read more »
U.S. House Committee on Education and the Workforce Chairman John Kline (R-MN) issued the following statement after President Obama announced his plan to implement changes to federal student loans: “Sadly, the president has once again chosen to put politics before policy, touting a plan that will do nothing to help the nation’s unemployed workers. “Despite the administration’s rhetoric, this plan ... Read more »
The Subcommittee on Higher Education and Workforce Training, chaired by Rep. Virginia Foxx (R-NC), today held an oversight hearing to examine the Department of Education’s implementation of the Direct Loan Program. Last year, the Democrat-led Congress approved a federal takeover of the student loan industry. As a result, the Federal Family Education Loan program, which has leveraged hundreds of bi... Read more »
