Chris Murphy actually said...

"The idea that we're spending, in this particular institution's case, $1.4 billion in taxpayer money all for the benefit of getting a 40 percent default rate and graduation rates, that are hovering und..."

"Today, we sort of have an all or nothing approach when we're looking at these institutions as to whether they are worthwhile investments for the Federal tax dollars."

"We need to hold schools accountable for their students' outcomes."

"But the institution, in this case, the equivalent of the house, deserves to have the same kind of rigorous analysis applied to it."