So these were additional requirements, $30 million worth of additional requirements?

If we can reduce fraud by getting some increased percentage of people to say, no, this is not accurate, then we have not only saved a lot of money, we may shut down some criminal activity, but we have also saved a lot of heartache.

I am hearing Ms. Vallas describe as 'I had to fight to get someone to send me by mail a copy of the waiver.'

I very much appreciate and understand the importance of trying to move as many people as possible to the electronic system.

Just as the Consumer Product Safety Commission protects buyers of goods and supports a competitive market, we need the same for consumers of financial products, a new regulatory regime, and even a new regulatory body to protect consumers…

Then I assume the Senator means all the students with student loan debt, and that is not my proposal.

Look, we can go back over the CBO numbers, but what is clear right now is what the CBO has made clear. We will make $51 billion in profits off the backs of our students. The Republicans propose to make another $16 billion off the backs of…

Reserving the right to object, I would like to focus on three words Senator Burr discussed, and they are ``unsustainable,'' ``everybody,'' and ``fix.'' I heard all three, and I think all three are very important words here. Let's go…

I just wanted to return to this question, since the Senator has raised it, about the Congressional Budget Office. Let's all be clear about what the current student loan interest rates produce for the government. The CBO, the agency in…

in less than 3 weeks the interest rates on subsidized student loans will double if Congress fails to act. This is not only wrong, it is unnecessary. Senator Harkin and Senator Reed have proposed a plan to hold the interest rate steady at…

I wish to make sure I understand. Have the Republicans put any proposal on the table that will deal with all of the outstanding student loan debt?

I believe, if I understand this correctly, what we are trying to do is protect the subsidized Stafford loans. What I understand the Republicans have tried to do is protect all the new loans so no one is dealing with all the loans that…