Press Releases

Today, Education and the Workforce Committee Chairwoman Virginia Foxx (R-NC) issued the following statement in response to the Biden administration announcing a new set of plans to cancel illegally more student loan debt, forcing taxpayers to foot the bill:

“Here we go again. President Biden continues to break the law in his quest to make college ‘free.’ The problem is these so-called solutions to the student loan system outlined in the President’s plans forces taxpayers—many of whom never stepped foot on a college campus— to pay for loans others willingly took out and benefited from. Mr. President, this is not monopoly money. Students, families, and taxpayers deserve real solutions to lower the cost of college and fix the federal student loan program.”

More on Republican solutions to lower college costs:

Last month the Committee passed H.R. 6951, the College Cost Reduction Act. The bill includes bipartisan proposals to tackle widespread concern that the cost of postsecondary education has become insurmountable for too many Americans. This legislation addresses the issues of low completion rates, unaffordable student debt, and the inflated cost of obtaining a college degree. Specifically, H.R. 6951:  

• Ensures information about costs and return on investment is clear, accessible, and personalized for prospective students and families.
• Holds institutions financially responsible for overpriced degrees that leave students with unaffordable debt.
• Provides targeted relief to struggling borrowers rather than blanket bailouts for those who don’t need them.
• Funds colleges based on student outcomes and lifts excessive regulations that further increase costs to families. 

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