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 »
Higher education is headed in the wrong direction. It is refreshing to see such a prominent leader in higher education acknowledge some of the biggest problems facing colleges and universities today. Jason Wingard, President of Temple University, in his new op-ed, rightly focuses on employers who are too often ignored by the academics and administrators perched in their ivory towers and importantl... Read more »
Today, Education and Labor Committee Republican Leader Virginia Foxx (R-NC) issued the following statement on Operation Fresh Start, a Biden administration plan to move defaulted student loan borrowers into good standing, which would qualify them for massive student loan forgiveness at the expense of taxpayers: “The Department’s so-called Operation Fresh Start plan gives delinquent student loan bo... 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 »
Today, Education and Labor Committee Republican Leader Virginia Foxx (R-NC) issued the following statement after reports of National Labor Relations Board (NLRB) misconduct surfaced, specifically NLRB personnel interfering in ongoing union elections and collaborating with union organizers: “When a statutorily neutral agency actively informs organizers which employees should be targeted and coerced... Read more »
Education and Labor Committee Republican Leader Virginia Foxx (R-NC) recently submitted a comment letter to the Department of Education urging the Department to rescind its proposed rule regarding borrower defense to repayment and the Public Service Loan Forgiveness program. The letter also points out the Department does not have the authority to move forward with these changes. In the letter, Fo... Read more »
Today, Education and Labor Committee Republican Leader Virginia Foxx (R-NC) issued the following statement after the House passed H.R. 5376, the Democrats’ Inflation Expansion Act: “Democrats have used every opportunity to tilt the playing field in favor of union bosses. Today’s bill is no exception—they’ve included more handouts to Big Labor, punishing job creators and workers who have decided no... 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 »
