Over the last decade or so, I guess longer, the taxpayers have spent billions of dollars to collapse dozens or hundreds of systems that aren't compatible into 10 that--I guess it is 10, that work.

it is all about the data.

You can't figure out why we couldn't get the enterprise systems right until you have a system that tells you what happened.

Well good morning, Mr. Chairman. Good morning to my colleagues and to the panel this morning.

The problem with the enterprise systems is the best case study as to why we need auditable financial statements.

I would disagree; I would join you in asserting the fact that the program is not very flawed and should not be repealed.

Can you confirm that the HEOA does permit institutions of higher education to allow entities, such as the state-chartered, non-profit lenders, on campus for the limited purpose of providing advisory services to students and families?

I would support a bill that says the interest rate on direct loans should be calculated as follows: Take the cost of the government acquiring the money, add to that the cost of administering the program, both on campus and the Department…

We talked about two Americans today. And we didn't talk about one American. We talked about the American who has a $33,000 a month drug bill who is hemophiliac, which is just stunning.

I would again like to thank the panel for obviously a lot of time preparing for this morning and very, very good testimony.

And the Affordable Care Act does provide an answer.