Press Releases

Democrats are shamelessly using the Public Service Loan Forgiveness (PSLF) program as a vehicle for their radical loan forgiveness agenda. Saddling American workers with billions of dollars in student loan debt for degrees they themselves don’t benefit from is unfair and unjust.
 
As Republicans on the Education and Labor Committee pointed out in yesterday's Higher Education and Workforce Investment Subcommittee hearing with Federal Student Aid Chief Operating Officer Richard Cordray, Democrats’ proposed changes to the PSLF program will broaden it to such a degree that it is unrecognizable and unworkable. As it currently stands, the PSLF program is already so broad that 25 percent of the U.S. works for an eligible employer, and so arbitrary that a clinician at Planned Parenthood is eligible for loan forgiveness, but a nurse at a private doctor’s office is not.
 
In Case You Missed It, Education and Labor Committee Republican Leader Virginia Foxx (R-NC) published an op-ed in the Washington Examiner about Democrats’ attempt to expand the PSLF program beyond its legal bounds. 
The far Left takes another step toward irresponsible loan forgiveness
By Rep. Virginia Foxx
October 27, 2021

Washington Examiner – When congressional Democrats created the PSLF program, they intentionally made it narrowly targeted to limit the number of borrowers who received forgiveness. In doing so, Democrats made a false promise to millions of borrowers and then subsequently blamed the Trump administration for the mess the Democrats created. The Biden administration’s ploy to broaden this broken program is yet another example of Democrats hiding from their responsibilities of legislating at the expense of the American taxpayer.
 
The Biden administration’s overhaul of PSLF is unjustified and unworkable. And we already know from experience that the more Democrats try to “fix” this program, the more bureaucratic confusion they create. 
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So, what does this skirting of the law look like for hardworking taxpayers? In addition to being on the hook for billions in forgiven loans, they’ll pay borrowers “refunds” if a borrower made more than the minimal number of payments required under the law. What’s worse, the Biden administration is expanding eligibility to borrowers who were never intended to receive forgiveness, meaning taxpayers will be forced to shoulder the cost of loan forgiveness for those who least need it.
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Democrats must stop taking the lazy way out. It is time for real solutions to address the problems facing higher education institutions. It appears Democrats aren’t willing to do this, and their talk about helping students is just about garnering flashy headlines.
 
Read the full op-ed in the Washington Examiner here.