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Congressman Moore says loan-cap provision in working families tax cuts prompted UC Irvine MBA tuition reductions
Summary
In a short video, Congressman Moore credited last year’s Working Families tax cuts, which included limits on graduate student borrowing, with prompting UC Irvine to cut MBA tuition by up to $48,000 and with helping curb tuition inflation, he said.
Congressman Moore said the Working Families tax cuts passed last year included a new limit on how much students can borrow for degree programs and that the cap is already producing results at some universities. "We passed historic legislation, the working families tax cuts," he said, and added the law’s purpose was to "make sure that American families are able to keep more of what they make."
Moore described the loan limit as a curb on previously "mortgage-sized loans" for some degree programs and said caps vary by degree level. In the transcript he stated the caps were "in the case from a 100 to $200,000" and cited law and medical degrees as examples at the higher end. The transcript phrasing of the numeric range is unclear; the representative framed it as a substantially smaller cap than previously available amounts.
As an example of an institutional response, Moore referenced reporting that "UC Irvine cuts MBA tuition, a significant amount. Their flex MBA program was reduced by $30,000. Their executive MBA program was reduced by $48,000 to be able to get under the cap." He said those changes demonstrate a link between the statutory limit and university pricing decisions.
Moore argued the caps help restrain what he called "tuition inflation," saying that by limiting the amount available to borrow the policy "push[es] cost down." He framed the change as benefiting both parents helping students and individuals who would otherwise "be shackled" by large debt burdens entering their careers.
The video is a statement by Congressman Moore making a policy claim and citing a media article about UC Irvine; it does not include independent verification of the university’s motives or the administration’s approach. The representative said he will link to the reporting he referenced. No formal vote, motion, or legislative action is recorded in the video itself; it is a public update about legislation enacted previously.
The statement closes with Moore asserting the policy could have similar impacts at other institutions and in other industries, and thanking viewers for watching.
