Political Quotes

“Mr. Speaker, I yield myself 2\1/2\ minutes. Mr. Speaker, I would like to point out that in the 10th District of Florida, 654,500 people will be paying the debt for 122,500 people. Mr. Speaker, over the last two decades, tuition and fees have increased nearly three times the rate of inflation. Democrats continually talk about how college is unaffordable yet fail to realize their failed policies exacerbate the problem of outrageous college costs. More Federal aid and generous loan subsidies allow schools to increase their prices to capture those additional funds. Economists at the New York Federal Reserve found that for every $1 increase in student loan subsidies, colleges increased their tuition 60 cents. Another study found colleges reduced their own grant aid by as much as 83 cents for every dollar students receive in taxpayer student aid. The Biden administration is telling borrowers that someone else will pay their loans and telling institutions that someone else will cover the cost of tuition. It is no wonder the Congressional Budget Office found that the Biden administration's new income-driven repayment plan alone will increase student borrowing by 12 percent. Let's work toward actually lowering college costs, not dumping hundreds of billions of taxpayer dollars on well-off college graduates to make the problem worse. Again, Mr. Speaker, I urge my colleagues to vote ``yes'' on H.J. Res. 45, and I reserve the balance of my time.”