Tag Archives: student loans

“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.”

– Rep. Virginia Foxx (R-NC), who chairs the House Subcommittee on Higher Education & Workforce Training, on G. Gordon Liddy’s radio show.  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.