The Center for Responsive Politics discovered why Foxx doesn’t care about student loan debt. Duh.
It’s because she’s making big bucks from for-profit college corporations. The organization found that in just the last year, Foxx has raked in nearly $50,000 dollars from the for-profit college industry, which encourages students to take out larger loans to meet higher tuition costs.
The Department of Education found that one out of every six students at for-profit schools eventually is forced to default on his or her student loans. And while President Obama is urging Congress today to not let interest rates on federal students go up, he’s facing a headwind from Republicans like Virginia Foxx who are bought off by profiteers running for-profit schools.