While I clearly understand the need to hold a hearing on innovation in higher education, our committee and Congress, it seems to me, cannot continue to neglect students and families and allow colleges to become more expensive and not affordable.
Hinojosa emphasizes the need for affordable education and addressing student debt.
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To make matters worse, the Republican budget would allow interest rates for student loans to double in July of this year.
I commend you for holding today's hearing on limiting the extraterritorial impact of Title VII of the Dodd-Frank Act.
If anything, the recent events on Wall Street and in London should encourage us to press ahead with finalizing the rules under the Dodd-Frank Act.
I want to ask you, Mr. Secretary, looking at the Republican party's Paul Ryan proposed budget would most likely result in significant cuts to federal education programs that I am talking about.
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