I want to join my colleagues in wishing our friend, Senator Judd Gregg, the best of luck as he prepares for his new life beyond the U.S. Senate. I don't think it is any exaggeration to say that, without the leadership and dogged insistence…

You cannot escape the reaction of the for-profit school industry. They are buying full-page ads in every newspaper they can get their hands on, claiming we are, by this investigation, trying to deny an opportunity for education for…

It seems to me, at a time of great national deficits, when we do care about our veterans, this is an unexplainable, indefensible situation. I thank the Senator from Iowa for his hearings on this matter. I ask him: At this point, where do…

So more and more students are being charged higher tuition, going deeper in debt, and defaulting at a rate of 3 to 1, being charged three times as much, defaulting three times as much as those who are attending public schools?

And the numbers we found show that, for example, four of the five biggest schools receiving the most post-9/11 GI bill funding have at least one campus with a student loan default rate above 24 percent over 3 years. In comparison--and I…

If I could ask one last question of the Senator from Iowa. So the U.S. Department of Education is looking at this?

Isn't the bottom line that we want to make sure that, first, schools are accredited, so when they hold themselves out to offer a training program, certificate, degree, they, in fact, are doing that; second, to make sure they are charging a…

I wish to ask the Senator, most people say businesses ought to have their opportunity to make a profit. That is what America is all about. What percentage of the revenues at, say, the University of Phoenix come from Federal taxpayers?

If I might follow up, didn't we ask the GAO to do a study, or the Department of Defense to do a study about GI bill benefits and how much we were actually spending through the GI bill for education through the for-profit schools compared…

So for every dollar we spent through the Department of Defense to help veterans in the GI bill, if they went to a for-profit school, they were being charged three times what public schools were charging.

Mr. President, I ask unanimous consent that after I have completed my remarks, the Senator from Rhode Island, Mr. Jack Reed, be recognized. The PRESIDING OFFICER. Is there objection? Without objection, it is so ordered.

I ask unanimous consent that the bill be passed and the motions to reconsider be laid upon the table, with no intervening action or debate and any statements be printed in the Record with no intervening action or debate. The PRESIDING…