On the recordJuly 9, 2013
I thank the Senator. First, in prefacing this in terms of the number the Senator asked me about before, we will check. I do know there are about 300,000 students in Michigan affected, over 500,000 in California. So that is almost 1 million. So the 2 million the Senator is talking about seems low if those two States together have about 850,000. But certainly we will check. We want to make sure the numbers are right. My question would be: The number the Senator quotes as the interest rate in his proposal, is that a fixed rate or will that go up?
