Political Quotes

“Madam President, I come down to talk about the issue of student loans, as someone who has two ends of this equation--one as the former chairman of the Student Loan Corporation for the State of Alaska for 7 years. I took that corporation from the brink of bankruptcy, junk bond rating, you name it--it was in dismal condition. We turned it around, and 7 years later the corporation ended up paying a hefty annual dividend to Alaska for higher education and had one of the lowest interest rates in the country and increased the capacity for students to borrow money not only for 2- and 4-year degrees and master's degrees but also for career education, something most people told me, when I became chair of that corporation, would never be able to be done. Good luck. We wish you the best. And off they went and most of them got off the board very quickly. We were able to bring it together. In the process, in my experience around the issue of education, in making sure young people had the capacity to borrow money at reasonable rates, it went down about 2 percent, which is a pretty incredible rate for a student or parent to borrow money at. I was also chair of the Postsecondary Education Commission for 7 years, a copartner with the Student Loan Corporation, making sure we had strong educational institutions to provide career, college, and other types of education for young people.…”