I don’t think I could be any more outraged right now: Congresswoman Virginia Foxx told a radio interviewer last week that she has “very little tolerance for people who tell me that they graduate with $200,000 of debt or even $80,000 of debt, because there’s no reason for that.”
Oh really? So it’s my fault if I have student debt?
Seeing how you CHOSE to take out a loan to go to an institution you couldn’t afford at a time when you couldn’t afford it… yes!
But Foxx isn’t just any member of Congress. She’s the CHAIR of the Higher Education & Workforce Training Subcommittee in the House. That’s right, she controls policy on the issue of student debt, and she thinks you’re a loser and a whiner if you have student loans.
Someone with Foxx’s extreme views has no business setting education policy. Speaker Boehner and the rest of Congress need to publicly denounce her remarks.
Foxx went on to say: “I went through school, I worked my way through, it took me seven years, I never borrowed a dime of money.” This was in 1968 at UNC Chapel Hill, when seven years of college cost about $46,100 TOTAL (adjusted for inflation). How much would her education cost now? $141,820. An in-state student at UNC Chapel Hill now pays triple what it cost when Foxx went to school. And, by the way, the minimum wage was 38% higher in 1968 than it is now, in inflation-adjusted dollars.
What’s even worse is that Foxx sponsored the “Protecting Academic Freedom in Higher Education Act,” a bill to strip away federal regulation of for-profit colleges — colleges that notoriously prey on lower-income students, have disturbingly low graduation rates, and leave their students with higher-than-average levels of debt. And no wonder: Foxx’s top campaign contributors are the for-profit colleges themselves.4 Foxx needs to be put in check.
We can’t let elected officials go scot-free with such ridiculous, out-of-touch views.
Molly and the Rebuild the Dream team
I have little tolerance for students in debt with worthless majors, or liberals bitching about corporations who raise prices and rip off The People, while never mentioning the greed of Big Education.