It is equally important that we make sure the taxpayers get a good value for their dollar, and I think it is equally important that students get a good education and that they do not take on more debt than they can pay back.
Harkin stresses the need for value in education and manageable student debt.
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We're making some progress. We are. We're better off than we were last year or 20 years ago.
I introduced the Protect Student Borrowers Act with Senators Durbin, Warren and Murphy--and I want to thank Senator Warren for her great leadership on this issue and many other issues.
The Protect Student Borrowers Act would hold colleges and universities accountable for student loan defaults by requiring them to repay a percentage of defaulted loans.
I wish to thank Chairman Harkin for his superlative service to the State of Iowa and to our Nation for more than four decades.
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