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The Senate Committee on Health, Education, Labor, and Pensions will please come to order. In some respects, the American higher education system has lost its purpose. Many college students are not learning skills needed to succeed in the modern workforce, and studies show that the cost of college is quickly outpacing the value of a student's education. In the last 30 years, tuitions and fees at private nonprofit colleges rose by 80%. At public four-year institutions, they've increased by 109%. Meanwhile, according to a nonpartisan analysis, 23% of bachelor's degree programs and 43% of master's degrees have a negative return on investment. This is to say that students pay more for their degrees than the increase in salaries they can expect. Now, this increased cost often is not going to improve education. Often those dollars are being funneled to promote a DEI ideology, dividing students based on race and ethnicity. A report studying 65 colleges and universities found that the average institution was paying for 45 staff members to promote DEI policies. By the way, these programs are subsidized by taxpayers who contribute significant funding annually for these universities. Instead of promoting academic excellence, many campuses have been ideologically captured, becoming hotbeds of hate and division. Students leave college woefully unprepared for the workforce while being saddled with insurmountable debt that they cannot pay back. Comprehensive reform of higher education is needed. President Trump and Secretary McMahon are making progress, including fixing the broken student loan program, but congressional action is needed to create lasting change. Over the last several years, there have been multiple legislative attempts to improve higher ed to benefit students. This includes my bipartisan college transparency act with Senator Warren, which allows students to compare the differences between prospective
prospective colleges and a major to see if the value of the degree is worth the cost. Senator Tupperville is leading the Graduate Opportunity and Affordable Loans Act to end graduate plus loans, which have been inflationary to tuition costs. This bill puts downward pressure on rising college costs by limiting graduate school borrowing. There's also the Streamlining Accountability and Value in Education, or SAVE, for Students Act, led by Senator Cornyn, which streamlines confusing repayment options for student loan borrowers, decreasing the nine options to two, giving students and families clarity as to which repayment plan best fits their needs. I look forward to discussing these and other policies in depth today. It is a given, but nonetheless, I emphasize the power of education. It can transform lives, lifting not just the generation that attends college out of poverty, but the subsequent generations in that family as well. It is also a font of life-changing innovation, and research helps develop life-saving cures and define solutions to some of America's biggest challenges. But when universities fail in their basic responsibility to ensure a safe learning environment, when students leave college in debt and without hope for a brighter future, the American people lose trust in higher ed. There is no one who can advocate for higher education better than the institutions themselves. Universities must make the case to the American people as to why they are valuable to the nation and are worthy of taxpayer investment. I thank Taylor University and Tuskegee University for being here.
Rarely are HBCUs or religiously oriented universities mentioned in conversations about the landscape of how to improve America's higher education system. We'll also hear from the Austin, Texas Community College District, which offers an interesting perspective beyond traditional four-year universities. A great opportunity for all to share stories of the value you provide. I'll make one more comment. As I mentioned earlier, it's important that everyone has an opportunity to speak to the American people on this important topic. Each person and institution should have the right to make their case. In light of that, it is known, but I will comment upon, that Harvard University had been requested to attend today's panel. Harvard is world famous for its cutting edge research, which helps make not only our nation but the world healthier. But there have been recent episodes and a recent report on anti-Semitism within Harvard's culture. This would have been Harvard's chance to tell the committee and the country how it is addressing anti-Semitism, removing DEI from priorities, and highlighting their value as a research institution. Unfortunately, they declined the invitation. Thank you again to our witnesses for being here. I look forward to discussing how we can improve higher education so students can succeed in the classroom and beyond.
And with that, I recognize Senator Sanders. Well, thank you very much, Mr. Chairman. And let me thank all of our guests for being here to discuss a very important subject. Needless to say, Mr. Chairman, you and I look at this world a little bit differently regarding this subject.
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