Senate Republican Suggests Different Path For Student Loan Reform

As the White House gears up to take on student loan reform by allowing students to cap their payments at 10 percent, Sen. Lamar Alexander (R-Tenn.) is suggesting a different approach: halting the growing costs of attending college.

“The real way to reduce the burden of student-loan debt is to slow down the growth of tuition,” Alexander said in a statement. “And the best way to slow down the growth of tuition is to reduce health care costs and mandates that are soaking up state dollars that in the past have gone to support public colleges and universities.” 

The President is scheduled to announce his administration’s proposal Wednesday afternoon. The White House has indicated that they intend to move forward with the changes via executive action, and not through Congress.