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Foxx: Fiscal Responsibility Act Means Greater Stewardship of Taxpayer Dollars
Committee on Education & The Workforce
May 31, 2023
WASHINGTON – Today, Education and the Workforce Committee Chairwoman Virginia Foxx (R-NC) issued the following statement on the passage of the Fiscal Responsibility Act, specifically addressing the student loan component of the bill:
“The Biden administration extended the student loan repayment pause a half a dozen times, citing the pandemic as justification. COVID-19 became a tool for the administration to advance the president’s radical free college agenda. This bill puts a stop to it and returns borrowers to repayment.
“For three years, borrowers didn’t pay a dime in student loans while taxpayers incurred billions in costs associated with this administration’s extension scheme. The pandemic is over, and the national emergency status is lifted. We must move forward.