Press Releases

In Case You Missed It, Education and the Workforce Committee Chairwoman Virginia Foxx (R-NC) issued the following statement in response to the Biden administration’s announcement that millions of borrowers will now have $0 payments under SAVE plans:
 
“The definition of ‘Biden insanity’ is trying the same unlawful debt schemes over and over again and expecting a different result. 

“President Biden's false promises have left borrowers and loan servicers in limbo, and now taxpayers are being forced to foot the entire loan bill for nearly 8 million individuals each month. 

“The President is more concerned with saving face after his disastrous performance last night than finding actual solutions. Congressional Republicans provided President Biden ample opportunities to support policies that would address the root causes of student debt and fix our broken higher education financing system. Instead, he has opted to give away taxpayer money and illegally rewrite loan contracts. It’s a blatant attempt to buy votes from college graduates on the backs of the working class. I wish I could say I was surprised, but this is unfortunately par for the course."


Republicans have proposed a responsible solution while Biden continues to put forward reckless scams. Learn more about H.R. 6951, the College Cost Reduction Act:

• Ensures clear, accessible, and personalized information about costs and return on investment is available to prospective students and families.
• Simplifies and strengthens our broken student loan program, by providing targeted assistance for those in need instead of blanket bailouts.
• Holds institutions financially responsible for overpriced degrees that leave students and taxpayers with unaffordable debt. 
• Funds colleges based on student outcomes rather than imposing excessive regulations that further increase costs to families.
• CBO estimates that enacting the bill would save taxpayers $185 billion over the next decade.

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