William F. Goodling: “I have to say the same is true, of course, in this amendment, where we are buying 40 minutes of time or how much ever…”

“I have to say the same is true, of course, in this amendment, where we are buying 40 minutes of time or how much ever time it is but only buying $600,000 worth of outlays in money. The second observation I want to make, two or three speakers ago made the statement that we are cutting out the Perkins loan, and I want to make very sure that nobody goes home with that thought in mind, because, of course, the $6 billion in the revolving fund is still there. The encouragement is to make sure that you collect it so it can revolve so more students can use it. So we are not cutting out the Perkins loan, as a matter of fact. What we are doing is allowing the $6 billion in the revolving fund to continue. I wanted to make those two observations to bring a little reality to the debate.”