Joe Wilson actually said...

"Will the administration provide direct financial assistance to schools to support their transition into the Direct Loan program?"

"Has the Department produced an estimate of the costs of transitioning to the Direct Loan program for a small to medium size independent college?"

"I would think that looking in our view that the current process is adequate and that H.R. 1821 seems to address an important issue of extending an eligibility period."

"It is entirely possible, yes, sir. We always, we would hope for an earlier reporting whenever possible."