A congressional hearing addressing the U.S. student loan debt crisis Tuesday saw a Republican congressman bragging his kids graduated with "zero debt," while a conservative panel member said borrowers simply made poor choices.
"Fox & Friends" warned U.S. taxpayers will be forced to pay back billions in student loan debt. "A lot of people are paying back 1 percent a year which would take 100 years to pay back," said co-host Steve Doocy.
Fiscal conservatives and Democrats alike ridiculed GOP congressional members and President Trump's tax cuts after federal spending hit a $3.7 trillion record and the budget deficit climbed to $867 billion so far this fiscal year.
New York Democratic congresswoman Alexandria Ocasio-Cortez applauded a billionaire's offer to pay off an entire Morehouse College class' student loans, but she cautioned people shouldn't be forced to rely on the generosity of a wealthy stranger.
A major for-profit university has reached a settlement with 48 states and the District of Columbia that will force it to wipe out nearly $500 million in debt incurred by thousands of its students across the country.