WASHINGTON, Aug. 25 -- Rep. Tom Cole, R-Oklahoma, issued the following news release on Aug. 24, 2022: Congressman Tom Cole (OK-04) issued the following statement after President Joe Biden announced cancellation of certain federal student loan debts, which is expected to cost taxpayers at least $325 billion. Cole is the Ranking Member of the House Appropriations Subcommittee that funds the U.S. Department of Education. "President Joe Biden's latest terrible idea to cancel a wide swath of federal student loan debts will ultimately harm hardwork more PR