Rep. Virginia Foxx On People With Student Loans: ‘I Have Very Little Tolerance’ for Them

Scott Keyes
Think Progress / News Report
Published: Saturday 14 April 2012
“I have 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.”
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Rep. Virginia Foxx (R-NC) took on a unique enemy during a radio interview yesterday: people with student loans.

Though many politicians sympathize with those who are saddled with exorbitant student debt, Foxx, who chairs the House subcommittee on higher education, had a different take. Appearing on G. Gordon Liddy’s radio show, the North Carolina congresswoman recounted her own experience paying for college, where she worked her way through and graduated after seven years. Foxx then pointed to her own experience as justification for why she has “very little tolerance for people who tell me that they graduate with $200,000 of debt or even $80,000 of debt.” “There’s no reason for that,” she concluded:

FOXX: I went through school, I worked my way through, it took me seven years, I never borrowed a dime of money. He borrowed a little bit because we both were totally on our own when we went to college, totally. [...] I have 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. We live in an opportunity society and people are forgetting that. I remind folks all the time that the Declaration of Independence says “life, liberty, and the pursuit of happiness.” You don’t have it dumped in your lap.

Despite Foxx’s implication, these loans are not taken out frivolously. They are taken out because of the soaring cost of college. In other words, because the price of college is so high — and House Republicans are working overtime to cut Pell grants for one million low-income students — the amount of loans required to pay for it is also high. Indeed, student loan debt topped one trillion dollars last year, orders of magnitude larger than in the decades prior.

Still, Foxx’s distaste for large loans does not appear to extend to the mortgage sector. In Foxx’s 2010 financial disclosure statement, she owned two individual mortgage notes worth up to $250,000 each, from which she earned as much as $20,000 in payments.

 



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ABOUT Scott Keyes

Scott Keyes is an investigative researcher for ThinkProgress.org at the Center for American Progress Action Fund. Scott went to school at Stanford University where he received his B.A. in Political Science and M.A. in Sociology. He has appeared on MSNBC and TBD Newstalk TV and been a guest on many radio shows. His writing has been published by The Atlantic, Politico, the Christian Science Monitor, and the Chronicle of Higher Education. Scott comes to DC from southwest Ohio, a state very near and dear to his heart.

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40 comments on "Rep. Virginia Foxx On People With Student Loans: ‘I Have Very Little Tolerance’ for Them"

alexandriamark

July 23, 2012 3:16am

higher instruction, had a contrastive fuck. Attendance on G. Gordon Liddy's tuner exhibit the Northwards Carolina representative recounted her own see remunerative for college more information
http://www.testbells.com/all_exams.html

oldhat

April 17, 2012 2:35pm

i did learn navy 5768 is an idiot

Paul Kruger

April 16, 2012 9:42am

Load of crap from the lunatic right. So you were able to do it without a loan. Great. Now please tell all of those would-be students where to find a job today to pay for an inflated college education?

In Europe it is not a problem as most nations there realize the value of education and it is provided for anyone. In the US the trend is to limit access to higher education to only those with the financial ability to afford it.

In an economy with few job options for anyone, let alone students, some bright young people see as their only step up, a better education, financed with a student loan.

Your insensitive remarks and lack of respect for anyone seeking an education regardless of the means to that end smacks of an elitist attitude toward anyone lacking the wealth of your contributors. We all know the GOP is only interested in their rich donors and no one else. Words from your own camp confirm this when a recent GOP insider retired and spilled the beans. For those interested, read his comments here.

http://www.joethevoter.org/confession-of-a-gop-operative.html

It will open your eyes.

Navy5768

April 15, 2012 4:50pm

The truth is that you are an ignoramus.

pitch1934

April 15, 2012 11:08am

It was lot cheaper to go to college whne foxx went. BTW I am 77 y/o, so I can relate to age and the times.

brcollins42

April 15, 2012 8:54am

She was also president of Mayland College.What was she telling those students? Was she telling THEM not to take loans?

BTW, what's the long term graduation rate for Mayland?

But keep her idiocy in perspective - she voted against disaster aid for Katrina - Given that NC is in the path of most hurricanes, not a long term thinker here.

Al Price

April 14, 2012 8:29pm

I agree with the Representative the Declaration of Independence is a remarkable document, especially for the clause about the inalienable Rights of Man. However, I disagree with her on the significance of "pursuit of happiness". I think it is remarkable that a group of "propertied gentlemen" dropped John Locke's inalienable right of property and substituted "pursuit of happiness". They recognized even if intuitively that property could not come from God but from the state. It was the king that granted property rights, not God. Likewise, it was the king that was the "Defender of Faith" . It was the king they rejected as the arbiter or defender of both faith and religion.

Student Loan Slave

April 14, 2012 4:31pm

Sorry, the first sentence should read: Since 1994 my wife, who borrowed 30K for her bachelors and masters degrees in education, has had just under 50K garnished from her wages (as a school teacher and church youth director) because of her defaulted loans with Sallie Mae.

Student Loan Slave

April 14, 2012 4:22pm

Since 1994 my wife, who borrowed 30K for her bachelors and masters degrees in education, has had just under 50K garnished from her defaulted loans with Sallie Mae. The other day Sallie Mae called and told her that she now owes 84K!!! Why did my wife default in the first place? Because of 35K in hospital bills for life-saving surgery, which made it impossible to make full payments to Sallie Mae (even though she never missed paying them something - but they were unwilling to work out a payment plan like you can with any other debt). There are no hardship or bankruptcy clauses allowed either. BTW, Rep. Foxx, my wife worked no less than 35 hours a week all through college!!! I know that for sure bc I was dating her at the time. I worked through college as well, but luckily my family was able to help out with some of my loans so I didn't end up in the same mess. Her crime was being born into a lower middle class family. Funny thing is she is a lot brighter than me, scored higher on the SAT and the PRAXIS, and in high school and college got better grades than I did. One more thing, why are American taxpayers' dollars paying off 93% of all defaulted debt to Sallie Mae, yet they are still collecting the garnished wages from the same people whose loans have already been paid off by the taxpayers. With this system the lender is double-dipping and the defaulted borrower doesn't have that extra money to buy things from the small businesses in their towns, which would greatly help out our economy. I'm afraid the system is rigged and only a handful of people are making out like bandits. The profits are probably in offshore bank accounts. It's a scam sandwich and we're all eating it whether we went to college or not!

msthelma

April 14, 2012 2:36pm

Speaking of Ayn Rand, did you know that she was a hypocrite? She was so against anyone holding out their hand for help - but when it came to her old age she had a hand out indeed. she received government help. Check it out sometime.

Philip Mullen

April 15, 2012 4:22pm

And this surprises you why? I've yet to see even one 'anti entitlement' person who wasn't first in line when their turn to collect came up. They're only anti entitlements for everyone else, they're all more than eager to grab any that come their way.

NHsolarguy

April 14, 2012 1:05pm

I paid for my own college too. Tuition was about $30 per semester hour in 1976, or about $1000 per year, and my master's degree in 1981 was about $2000 over a year and a half. I lived at home and commuted about 15 miles, and gas was 30 cents a gallon (well, at least until the oil embargo of 1979 during my 3rd year). I got my master's degree with about $1000 in debt to my father (not counting the room and board and gasoline, but I also worked on the farm in my "spare" time) and my VW bus leaking about a quart of oil every 100 miles.

Without state support for the university I went to, I probably couldn't have afforded college. Multiple generations before us ponied up the tax money and land grants to keep education affordable. Foxx is just another of those conservatives who used the system to get what they needed, and don't want to pay their fair share for the next generation. "I got mine, now we don't need to pay for it anymore"

Although she looks a little older than me, we're lumped together as the baby boomer generation. I don't like what she and fellow conservatives have become and hate to be associated with them. What should we call them? Maybe the "George Bush Entitlement" generation? No other group in history has erased so many protections for so many people in such a short time.

Corelli100

April 14, 2012 12:59pm

Typical liberal math. They see nothing wrong with $200,000 in loans for a advanced degree in some useless field like poetry or communist studies, and at the same time expect tax payers to bail them out, yet taking out mortgages on cash flow producing real estate is someone frowned upon. The great socialist experiments around the world are coming to an end yet progressives in this country are too ignorant to see that basic economic principals are universal. So go ahead and cry because someone points out facts to you about how stupid it is to get $200,000 into debt- deep down inside you know the truth.

Navy5768

April 15, 2012 4:52pm

You want the truth? The truth is that knowledge constantly evolves, changes, and that is why your hot subjects may be obsolete tomorrow, and an obscure one far more important. Anyone who considers poetry irrelevant is an ignoramus anyway.

enuf

April 14, 2012 6:21pm

But in your world view they should pay for capitalism ie MBA so all the little greedy grunts can run to Wall Street and work for Goldman Sachs to rip their clientele off.

dwdallam

April 14, 2012 3:15pm

There are two fallacies in Foxx's argument that cause her entire worldview on this subject to fail:

(1) The Specific to the General fallacy.

Using yourself as an example, and then applying that to the general population. "I got an A in math because I studied hard. So I have very little tolerance for those who don't do well in math." In other words, people are different and the fact that you do something like you did it doesn't mean all people can do it too. More importantly, the person who cannot do it like you do it doesn't mean that that person should not have the ability to be educated--if education makes a better society and a better individual (and it does).

(2) When Foxx got her education, the price of education was extremely cheap compared to what it is now.

What we have here is a specious point of view from Foxx.

dwdallam

April 14, 2012 3:06pm

But then you have typical conservative math going on--if it don't make dollars, it don't make sense. Right man, right.

Education in poetry and "communist studies" [sic] should be paid for by the government, along with studies in history, psychology, and other humanities, like English, business, and capitalism, art, and philosophy. Those types of humanities are important to the development of a society in that they give great insight into society itself allowing us to move out of a society driven by self interest. There has never been a society that has risen up without mass education.

The fact that you disagree with education, when it doesn't fit your conservative agenda, doesn't make education in the humanities a bad thing. So to use your own articulate manner of expression--cry more.

KJTHOMASON

April 14, 2012 12:58pm

Thankful for my student loans and Pell grants which helped going to college then veterinary school in the early 80's. I worked over full time from the first day of summer to the last, then graded papers while at school as well as weekends. I could not now afford to go to veterinary school with the price that the new crop of veterinarians is saddled with- like $40,000 a year. This is the state's and government's fault that money has been taken away from grants and subsidies so the schools and put that load on the shoulders of kids. We will soon become a society where only the rich can go to higher education. I doubt very much that Mrs. Foxx really understands how much MORE school cost than back in the dark ages...I'm sure it would probably take her twice as long and she'd end up with debt in the end. Get a clue, Foxx!

hruhs

April 14, 2012 12:50pm

Big question, why do people vote for troglodytes? Or do we? What exactly goes on in the electronic ballot box?

oldhat

April 14, 2012 12:40pm

my father died my senior year in high school i went to work help support younger brother and sister and got my degree loan what loan ? the major difference is that the potus when i went to school was not trying to destroy USA Exceptionalism

Navy5768

April 15, 2012 4:54pm

You certainly learned nothing about the English language or spelling!

ThomasSimmons

April 14, 2012 12:33pm

A BA at the University of Missouri-Kansas City in the mid 70s cost me about 6,000 and change with books etc. I lived at home some of the time and worked all of the time. I could pay that old rate off in a year or less - the whole thing. Now, if I were to get what they are getting then I would be getting paid about 65 dollars an hour because the tuition in the 1970s was about 35/credit hour and is now about 360/credit hour now -- ten times as much. The Representative is utterly inept, artless and just plain clueless. Or she is a damned liar.

Dave Ewoldt
Tucson, AZ
April 14, 2012 12:32pm

Foxx is out of touch with reality in more ways than one. In our so-called land of opportunity only about 4% of the lower class will ever make it to the upper class, let alone to the vaunted 1%--this is about the lowest rate in the industrialized world.

isisthecat

April 14, 2012 12:10pm

I attended college about the same time that Foxx did. My tuition was $229.00 per semester. That was a struggle because it was almost a month of pay if I worked full time. My grandchildren will not be able to attend for anywhere near that percentage of yearly income..I would suggest, based on her vociferously voiced lack of knowledge on many subjects, that her education was a waste of time

chaz4

April 14, 2012 12:06pm

Here's a thought: Is the easy availability of student loans encouraging colleges to escalate prices?My daughter's graduating this year from an expensive liberal arts college, and we have watched costs rise every year. We took some PLUS loans, and she some Perkins loans, and the end result is that, with scholarship aid, she'll be about $30k in debt, and I will owe about $20k from my side.What surprised me was that we could get these loans without even trying.

moreaboutthat

April 14, 2012 11:24am

My spouse began college at age 20, as a single (divorced) parent with two toddlers and worked her way through a B.S. and a year of graduate school. She then took out a student loan to achieve her master's. Her entire career was spent in the non-profit sector, which resulted in lower pay than teachers or even unskilled labor. That loan has more than doubled in principle owed. Ironically, her father, a WWII veteran who committed suicide (shell shock, a.k.a. PTSD) when she was a child, and had she known, the Veterans Administration would have provided educational benefits to which she'd not need to borrow money in the first place. Now in her 60s, there is no way that either of us can pay off this loan, but the Dept. of Education has no provisions to take this into consideration. All payments go towards interest and not principle. Ridiculous and heartless.

Joe Hartnett

April 14, 2012 11:20am

Foxx's ignorant and crude allegation, "sitting on your b--t and having it dumped in your lap" is particularly loathsome. Our daughter accumulated six figures of medical student loans while attending a top med school - UCSF. Participating in a unique partnership between her clinic which provides care to under-served populations in Ventura County, California, and the State of California, her loans were completely repaid over a four-year period. Our daughter, the family-practice physician is a modern day hero to the grateful community she serves with such kind, intelligent and superb medical care. And this was accomplished with the absolutely essential help of student loans (now completely repaid) of the type Foxx and the traitorous criminal Liddy so stupidly decry.

justinmartindale1

April 14, 2012 11:16am

When she went to school, tuition at the California State College system was free and at the University of California was much much cheaper than today. Republicans always have very little tolerance for anything that assists the middle or poorer classes. It is just the party of the rich and I have very little tolerance for any of them.

pacifica

April 14, 2012 11:13am

Typical of the Ayn Rand mindset... jump into the lifeboat and pull up the ladder. So what if everyone around you is drowning...Don't throw anyone a lifeline, either. According to this type of thinking, you are drowning (in debt) because you are lazy, stupid or flawed in some fundamental way.I feel sorry for the people in her district.The woman needs a heart transplant.

Oregon7

April 14, 2012 11:14am

Not only that, but when I went to college & grad school in the late 70's students loans were offered at 2%, with deferred payment until 10 months after graduation. This fall my daughter starts college. We were "offered" students loans at 7.9% interest, accruing interest immediately upon disbursement, with no deferment - we'd have to start making payments immediately. They call this "financial aid" - what a joke! We can get a better rate at our local credit union at 4%. Our government is the handmaiden of the financial industry. This sad decline in education all started with Reagan. Rep. Foxx needs to wake up and inform herself about how times have changed!

steve dewitt

April 14, 2012 10:56am

The thing to do nowadays is to check the tuition rates for any college your interested in. the cal state system is low cost (relatively) to private universities. Also get a degree in one of the STEM catagories. A degree in english lit or psychology is a waste of money in today's economy.

Robhub

April 14, 2012 10:51am

Many of us who grew up in the same era as Rep Foxx were able to work enough to pay for our college, even private college, educations. The price of college was much more in line than it is today. I worked full time during the summer and part time during the school year. Tuition, fees, books, room and board totaled about what I made. Actually, when I graduated I was able to take a teaching job that paid more than the cost of one year's college costs. That doesn't happen now. We know that as our children have not been as fortunate as we.

Jack Boats

April 14, 2012 10:42am

Coming from a woman that makes a living sucking the government teat!

Noah

April 14, 2012 10:41am

Wow, is she out of touch!College tuitions are higher now than they were back in the ancient days of Foxx's youth. Plus, federal grants and aid for students has dwindled. Meanwhile purchasing power for those in entry-level jobs has plummeted, resulting in the exponential growth of college expenses. My father put himself through Cal Berkeley working part time at a grocery store, living in the Haight Ashbury. Nowadays, not even managers of grocery stores can afford that. A friend of mine spent $4500 on tuition and books to get through med school. No loans. Nowadays that sum is more like $250,000.

enuf

April 14, 2012 6:11pm

You're right. However there were no federal government grants when she and I went to school. If you were lucky you could get a scholarship, or in Calif. a regent's grant.

Neuron516

April 14, 2012 10:36am

Hmmm... Does she think students in medical, dental, law or nursing, or similar schools are supposed to work part time. These schools are phenomenally expensive even at the state level, very few federal loans are available, and most new graduates are saddled with huge amounts of debt and most cannot make enough to pay them back easily. This is one reason physicians have been fleeing primary care, you literally cannot make enough to pay back the med school debts which easily exceed $ 500, 000 plus high interest. This is a common problem nowadays. When I was in school we were expected to be in class, studying, or on call 24 /7. This lady is so out of touch.

danh

April 14, 2012 10:19am

An educated public is a society's greatest asset.

I think that argues for free education (as long as the college administrators are not making too much money).

I do wonder about Foxx's other ideas, and if she's interested in improving the lives of her fellow citizens.

skingk

April 14, 2012 10:14am

Why should student loan rates be higher than the rates big banks pay the Fed?

Like zero, for example?

CH

April 14, 2012 10:11am

And what era did she go to school? Give the kids a break. College in her day was simply and radically less expensive than it is today. The cost of living has risen daramatically and wages have not even come close to keeping up with any of this.

Becky Jacobson ...

April 14, 2012 10:03am

With the cost of college tuition rising drastically, things are different than when Rep. Foxx went to college. I am disabled and could not help my kids attend college. They both took student loans and graduated (one with a masters). They are paying back these loans which are extremely high. I have VERY LITTLE tolerance for Rep. Foxx!