Virginia Foxx: “I believe in an opportunity economy, where hard work, education, innovation, and risk are rewarded, and we empower…”

“I believe in an opportunity economy, where hard work, education, innovation, and risk are rewarded, and we empower individuals, not government. Imagine what determination and a degree can do for today's young people, provided they have a variety of choices to meet their needs and good information about the investment they are making. Paying for college is hard work, and it is getting more difficult as tuition and fees continue to increase at rapid rates. Luckily, American families have an investment tool known as a 529 plan to help them save for their child's college education. Last week, the House approved bipartisan legislation to expand, strengthen, and improve 529 plans, which nearly 12 million families have utilized to help plan for their child's education. With student loan debt surpassing credit card debt, we need to do everything we can to encourage American families to save for college and invest in their child's future. ____________________”