Today, Education and the Workforce Committee Chairwoman Virginia Foxx (R-NC) issued the following statement slamming the Education Department’s illegal and unilateral actions to cancel loans for more than 800,000 borrowers:
“The Biden administration’s blatantly political attempt to circumvent the Supreme Court is shameful. The Biden administration is trampling the rule of law, hurting borrowers, and abusing taxpayers to chase headlines.
“Biden’s student loan scam is far from over. From day one, this administration has encouraged borrowers not to repay their loans and has expected taxpayers to foot the bill. Today’s celebration of counting no payments as payments is just the latest example of the ongoing delusion at the White House.
“Taxpayers should be enraged but not surprised. Don’t forget, this is the same agency that was called out for using cost estimates that weren’t grounded in reality.
“This president is dead set on ruining our postsecondary education financing system for a few votes next November, taxpayers and the rule of law be damned.”
BACKGROUND: Last month, Reps. Owens, McClain, and Foxx introduced the Federal Assistance to Initiate Repayment (FAIR) Act, which provides targeted relief to those in need without exploiting taxpayers and provides a fair, responsible path back to repayment for 40 million borrowers.