Press Releases

Today, Education and Workforce Committee Chairman Tim Walberg (R-MI) issued the following statement in support of the Department of Education’s final rule implementing key student loan provisions of the Working Families Tax Cuts to reduce college costs and streamline student loan repayment:

“This final rule delivers on the promise of the Working Families Tax Cuts by pairing meaningful tax relief with long-overdue reforms to our broken student loan system. For too long, rising tuition, unlimited borrowing, and confusing repayment options have put working families at a disadvantage.

“The current system has too often left borrowers worse off. This rule helps ensure students can pursue higher education without being saddled with unsustainable levels of debt, while encouraging schools to deliver real value.

“Just as the Working Families Tax Cuts provide relief in Americans’ paychecks, these reforms provide relief on the back end by lowering borrowing and making repayment more predictable and transparent.

“I commend the Trump administration for advancing these reforms and remain committed to strengthening our higher education system so it delivers real value for students, families, and taxpayers.”

###