Kenny Hulshof: “Mr. Speaker, I have a few concluding remarks. First, I want to amplify a point that my friend, the gentleman from…”

“Mr. Speaker, I have a few concluding remarks. First, I want to amplify a point that my friend, the gentleman from Maryland (Mr. Cardin), made regarding the situation regarding the computer systems. The point is that as educational institutions begin to raise some concerns that these new reporting requirements would require their schools to completely revamp their computer systems at a substantial cost, these institutions noted that complying with the law's requirement to report tuition payments received would be difficult, and that because schools keep a running total of the payments that they receive from students, in other words, payments are not applied separately to tuition, but instead are applied to a student's total outstanding balance that may include room and board, books, student fees for recreational activities, or other costs, and, moreover, payments are not applied to any particular academic year. As a result, these institutions would have had to change their accounting and computer systems dramatically to make them compatible with reporting requirements. We have undertaken, instead, a change in those reporting requirements so those colleges and universities will not have to undertake that substantial cost.”