The ranking Republican members of the House Education and Labor Committee are asking the Education Department to release a report that allegedly shows a $500 billion gap between what the federal government valued student loans at and their actual worth.
In an April 30 letter (pdf) to Education Secretary Miguel Cardona, Reps. Virginia Foxx (R-N.C.) and Mike Bost (R-Ill.) expressed concerns that the policy makers’ assumptions about federal student loans might by based on “gimmicks or falsehoods,” citing a recent news story from The Wall Street Journal.
