Virginia Foxx doesn't know what she's talking about
Last week, Rep. Virginia Foxx said she had "very little tolerance" for student debtors in an interview with G. Gordon Liddy.
Today, my Op-Ed printed in the Winston-Salem Journal, the primary newspaper of Foxx's congressional district.
The main points were:
- Virginia Foxx is not allowed to brag about working her way through college. When she graduated in 1968, tuition at University of North Carolina at Chapel Hill cost her $87/semester. (Yes, $87!!!) Moreover, to pay for a four-year public education in 1968, a student with a minimum wage job would have to work 14 hours a week, year round. Today, such a student would have to work 46 hours a week, year round.
- Virginia Foxx is a supporter of the for-profit school industry. For-profit schools have generated enormous student debt. From my article: "Of all of the students who have defaulted on their loans, 50 percent have attended for-profit colleges, even though for-profits enroll only 12 percent of college students. The top three universities that generate the most student debt are for-profits, starting with the University of Phoenix, whose former students owe $5 billion, many of whom don't even have degrees, since only 9 percent of enrollees graduate within the standard six years."
Ultimately, Foxx is belittling the very debtors she's helped put into debt.