Press Releases

In Case You Missed It, last summer, Republicans passed the Working Families Tax Cuts, which capped federal student loans for graduate degrees. This provision was enacted in direct response to ballooning college costs and the student debt crisis.
 
For years, colleges have been able to spike tuition costs, knowing taxpayers would ultimately be on the hook when federal student loans went unpaid.
 
The Wall Street Journal perfectly outlines how the new law is lowering college costs. 

The GOP’s Tuition Deflation Act
Wall Street Journal Editorial Board
October 18, 2026

Universities have raised prices time and again over the years to capture more student loan subsidies. Lo and behold, many are now slashing tuition for graduate programs in response to the new caps on student borrowing instituted by last year’s tax bill…
 
…Previously, borrowers could take out unlimited amounts of federal debt for graduate study. This spurred colleges to add more graduate programs and raise their prices…
 
The University of California-Irvine said it is cutting tuition for an MBA program “below the federal loan cap.” Santa Clara University will give incoming full-time law school students an annual $16,000 scholarship “to offset the impact of recent repeal of the Graduate Plus federal-loan program.”
 
Emory University said it will give full-time students pursuing online degrees in public health a $25,000 scholarship “in light of recent changes to graduate student loan programs” …
 
…This is a win for borrowers, and for taxpayers who stand behind the debt. It provides a lesson in how universities respond to financial incentives, as any other business.
 
Read the full op-ed here.