I thank you for your help as advocates in making that happen.

I am unconvinced that that change is in any way benefiting students or taxpayers.

I assure you my heart goes out to students who have huge amounts of loans that may never be repaid.

It sounds like there may be a number of public institutions around the country that we may need to look at.

the tremendous hypocrisy, the attitude is at us, it is at us, and that is that, you know, obviously, Ms. Loonin, great testimony and I appreciate your work in this regard

I just find it fascinating that one of the first things that you would do as a consumer protection agency is get us to consider letting students... to be able to file bankruptcy which is one of the most damaging things that a consumer can…

My frustration really is the hypocrisy around all of this.

So you think that's appropriate and feel comfortable with that?

I think we need to look to the private sector, and we need to be very concerned about what's going to happen from the standpoint of debt, deficit, and those types of pressures on our medical system.

Well, thank you very much.

And do you plan to allow states to substitute their Medicaid formulary for Part D?

I am very pleasantly surprised that the Administration is taking this on in the way that it is.