Rep. Paul Ryan (R-Wis.), the chairman of the Budget Committee, defended House Republicans’ approach to student loan rates in message for new graduates.

In an op-ed published Saturday by the Wisconsin State Journal, Ryan wrote about the problems facing this year’s crop of new college graduates. He wrote that even after almost four years under President Obama, new graduates face the same kind of problems that graduates faced in 2008, including high debt and low employment prospects.

“Over half of recent college graduates are either jobless or underemployed,” he wrote. “That’s unacceptable.”

Ryan wrote about how the House-passed budget plan, which was originally proposed by Ryan, would tackle the biggest obstacles hampering job growth for new graduates, including the tax code, tuition inflation and student loan debt.