Elizabeth Warren actually said...

It would make sense to me that maybe there are more options available to refinance at perhaps a lower rate.

Shouldn't we start by doing what we can to reduce the size of their debt loads?

This is going to add to their debt burden and ultimately may drown them.

Well put, Mr. Hubbard. You know, about a quarter of Sallie Mae's loan portfolio is in deferment or forbearance.