Foxx: Fiscal Responsibility Act Means Greater Stewardship of Taxpayer Dollars

Statement

"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.

"The Fiscal Responsibility Act represents a positive step towards being accountable for taxpayer dollars and restoring individual responsibility in America. Moving forward, Congress must work to find lasting solutions to the federal student loan program that addresses the root causes of student debt and the rising cost of college."

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