I think low-income students would be better off if we gave them a bigger Pell Grant, even if they paid a little more interest down the road.

If you get rid of the plans with the best terms for students, then will the students actually be worse off?

But some Senators have proposed scrapping that program as part of simplification.

So the Federal--under the current system, the Federal Government pays private student loan companies like Navient, hundreds of millions of dollars a year to help borrowers navigate all those complicated repayment plans and to pick out the…

So the loan companies' incentives are not the same as the students' incentives?

I think it is important to stand up to unfair commercial practices that harm our economy and threaten our national security.

Okay. So too many repayment plans, too much money for private student loan servicers who don't help students navigate these plans, and too hard for people to stay in the best repayment plans.

So I think we should run our student aid programs with two goals in mind.

I am very concerned that big banks will continue to allow money laundering because the business is profitable and the penalties for violating the law are weak.

I am not asking if there is a lot of effort. It is a really simple question.

Today I want to focus on cracking down harder on the big banks that repeatedly violate anti-money-laundering laws.