Foxx Reacts to Reports of Another Student Loan Repayment Pause
WASHINGTON, D.C., April 5, 2022
Today, Education and Labor Committee Republican Leader Virginia Foxx (R-NC) issued the following statement in response to reports that the Biden administration will extend the student loan payment and interest moratorium for the fourth time:
“Hardworking taxpayers are fed up with having their backs broken by this administration. The outrageous extension of this moratorium contradicts the administration’s promise to the American public and without any basis other than the President’s sinking poll numbers.
“Taxpayers have been footing the student loan bill for graduate students and Ivy League lawyers to the tune of $5 billion every month while their wallets are being drained by skyrocketing inflation. The arrogance of this administration is astonishing, and the disrespect to our democratic system and the oath of office President Biden took to the American people, over half of which do not benefit from holding a college degree, is outright despicable. This isn’t about the pandemic, this isn’t about targeted relief for struggling borrowers, it’s about setting the stage for blanket loan forgiveness.
“President Biden is ruling by executive fiat. Clearly, he will do whatever progressives want when they want it. Respect for hardworking taxpayers and responsible borrowers be damned.”