Professional Documents
Culture Documents
1 U . S . DEPARTMENT OF EDUCATION
2 O F F I C E OF POSTSECONDARY EDUCATION
6 NEGOTIATED RULEMAKING
9 U . S . Department of Education
10 FB-6 Auditorium
11 4 00 Maryland Avenue, SW
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1 P R O C E E D I N G S1
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23 I a m D a v i d Bergeron. I am Director of
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1P o s t s e c o n d a r y E d u c a tion.
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1t h a t I n e e d e d t o s a y?
3t h e m - -
4 D A V I D B E R G E RON: Yes.
12 [Laughter.]
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4 W i t h t h a t , we will start.
6m i c r o p h o n e i s b e h i n d you.
18i n t h e U n i t e d S t a t e s.
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2t h o s e i n s t i t u t i o n s .
7p o s i t i o n i s o u t l i n e d in responses to the
24c o n s i d e r a t i o n n o w .
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1 A s e x p l a i n e d in a prior hearing by my
6v e r y h a r d t o c h a n g e in midstream.
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19p r o c e s s e s .
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8S p e l l i n g s R e p o r t .
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3v o i c e t h r o u g h o u t t h e process of reauthorization of
10m e m b e r s .
12o f f e r c o m m e n t s .
24N e w E n g l a n d s t a t e s .
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12E d u c a t i o n a n d t o C - RAC.
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3a n d c o n f u s i n g t o o u r institutions. Regional
6i n c r e a s i n g l y o n t h e effectiveness of institutions
12i m p r o v e m e n t .
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10t h e p a s t d e c a d e .
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4w o r k o n o u r c a m p u s e s as higher education
11r e g a r d i n g o u r i n s t i tutions.
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1t h e i n t e r e s t s o f t h e public good.
2 T h a n k y o u v ery much.
5m o r n i n g .
7 T h a n k y o u f or the opportunity to
10C a r e e r E d u c a t i o n C o rporation.
11 I j o i n e d C E C in 1997, as Director of
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12s t u d e n t s .
21c o u r s e s .
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4t h e i r e d u c a t i o n .
7h a v e d e s i g n e d a d e v elopmental curriculum to be
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4w i t h o u t a n o b j e c t i v e evaluation. If the
6t h e s t a n d a r d s o f t h e Department of Education, it
8s t u d e n t s w o u l d l i k e to attend.
14o r r e g i o n a l b o d y .
23m a k i n g c o l l e g e d e c i sions.
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6t o e n s u r e a b s o l u t e student privacy.
21i n s t i t u t i o n s t o d a y .
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2y o u .
4g o o d - - m o s t p e o p l e m angle it.
8 T h e P I R G s a re a nationwide network of
9s t a t e - b a s e d , n o n - p a rtisan, non-profit
13I a m h e r e t o d a y .
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8f u l l y t o o u r s o c i e t y.
13a r e , i n b r i e f :
20f o o d .
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2i n c o m e t o p u t t o w a r ds debt repayment.
21a f t e r 2 0 y e a r s .
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9c h a n g e s .
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3i m p l e m e n t i n g t h e s e meaningful reforms.
4 T h a n k y o u s o much.
7 J U D I T H E A T O N: Good morning.
18h e a r d e a r l i e r t o d a y .
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10p u b l i c a c c o u n t a b i l i ty.
20a c c r e d i t a t i o n .
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2w o r k o f a c c r e d i t a t i on.
17a v a i l a b l e .
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12s i m p l y e v e r y t h i n g i s public.
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3a c c r e d i t a t i o n i n t h e federal government.
9f r a m e w o r k , f o r d o i n g just this.
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4f o r a c t i o n . W e h a v e a series of recommendations.
7t o a d d r e s s t h i s .
15p r e s c r i p t i o n s .
23a f f i l i a t e d w i t h , p l ease.
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2a n d f e l l o w a u d i e n c e .
5L a w r e n c e v i l l e , V i r g inia.
7t o d a y t o s p e a k b e f o re you.
15p r e c e d e n t - s e t t i n g a nd disturbing.
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6s t u d e n t s .
15s e r v e .
23s e r v e d .
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15f a i l i n g i n l i f e .
21i n a s t r a i g h t f o r w a r d manner.
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7g i v i n g m e t h e o p p o r tunity to speak.
12 J A N I C E S A T T ERTHWAITE: I am Janice
17g r e e t i n g s .
23 N o w , a l t h o u gh I am not a director of
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2 T h i s m o r n i n g, I want to specifically
16a p l a c e b o .
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1b e a p a r t .
6t h e D e p a r t m e n t w i l l be subject to a wholesale
8r e g u l a t o r y p r o c e s s e s.”
18s y s t e m i n t h e c i t y of Hampton.
19 S o , o n b e h a lf of the Commonwealth of
24t h i s p r o b l e m .
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16r o o m a n d b o a r d .
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7m a r k e t t h e y f a c e w h en they graduate.
20g r a d u a t e f r o m s c h o o l.
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12u n m a n a g e a b l e .
18a f t e r s c h o o l .
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1j u s t b e a l o t e a s i e r on them.
11 Thank you.
14m o r n i n g , J e f f .
18o f C o n n e c t i c u t .
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6c o n t r o l u n t i l t h e e nd of my freshman year.
18i n s t u d e n t l o a n s .
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7c a n n o t e v e n c o n s i d e r college, be it a community
10l o a n p r o g r a m s .
21e d u c a t i o n .
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1a n d m a n a g e a b l e .
3T h a n k y o u .
6m o r n i n g .
7 R E B E C C A F R I TZ: Hello.
10C o n n e c t i c u t .
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5f e e t .
10d o i t s p a r t .
11 Thank you.
20E x t e r n a l A f f a i r s C o mmittee.
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4e n c o u r a g e d m y o l d e r brother to go to school
18p a r e n t s o v e r t h e e d ge.
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9m o r e a n d m o r e a n e c essity in life.
13r e a l i s t i c f o r s t u d e nts.
14 T h a n k y o u f or your time.
20H u n t i n g t o n , W e s t V i rginia.
23t h e s e m o m e n t s t o d a y .
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5l i k e a n o x y m o r o n t o me.
14 [Laughter.]
15 J A C K I E H E R S EMAN: So it is frequently a
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1s c h o o l d i s t r i c t i s different.
8d i f f i c u l t - - I a m f r o m Appalachia--for folks to
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5h i g h l y i n f l a t e d .
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6t h e l a w .
7 Thank you.
14 I a m a s o c i al historian, interested
20f a m i l y q u e s t i o n s .
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1t h r o u g h t h e i r l i v e s alone.
11o n f a m i l y r e l a t i o n s hips.
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6d e l a y t h e i r p l a n s t o start a family.”
9q u a l i t y o f m a r r i a g e . 76 percent of self-described
13a r e a p r o b l e m f o r u s.”
19b i g g e r , e v e n , t h a n in-laws.
20 [Laughter.]
23a s t h e i r b i g g e s t p r oblem.
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2m a r r i a g e a n d a n t i - f amily.
4u n i n t e n d e d c o n s e q u e nces? On behalf of my
7k n o w t h e f i v e p o i n t s. I want to underscore, in
11r a t e s a c c o r d i n g l y .
14 Thank you.
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1c o m m o n l y k n o w n a s C APTE.
2 C A P T E i s a specialized programmatic
15r e p r e s e n t a t i v e o f A SPA.
21F u t u r e o f H i g h e r E d ucation.
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2c o m m e n t s .
17t a x p a y e r .
18 I f , h o w e v e r , it is the Department’s
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4o r g a n i z a t i o n s .
20m i l l i o n s o f s t u d e n t s.
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8a n d c o s t , o n a c c r e d iting organizations,
23p u b l i c p o l i c y .
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11t o s e e .
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1a v a i l a b l e f o r t h e p ublic to view.
11 Thank you.
22t o d a y .
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1C o m m i s s i o n R e p o r t .
11f i n a l r e p o r t .
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15S e c r e t a r y .
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1a c c r e d i t i n g a g e n c y recognition requirements.
2 A s e c o n d s u bject to address is
9h i g h e r e d u c a t i o n i s paying off.
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5o f t h e H i g h e r E d u c a tion Act.
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1y e a r - r o u n d .
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8a f f o r d a b i l i t y .
19c o r r e c t t h e s e p r o b l ems.
24t h e s e i m p o r t a n t i s s ues.
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1 Thank you.
9U n i v e r s i t i e s .
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5e f f o r t s .
9d e f i n i t i o n , b u t c l a rification needs to be
15y e a r . ”
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1a c c e l e r a t e d p r o g r a m s degree conferment.
7c r e d i t , s u c h a s :
18r e g r e s s i o n .
22W e a s k t h a t q u e s t i o n.
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5r e g u l a r t r a n s f e r m o nitoring process.
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19r u n n i n g p r o g r a m .
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7t h e n e g o t i a t e d r u l e making sessions.
21 T h a n k y o u v ery much.
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3y o u c a n r e l y o n p r i or institutions for
8U n i v e r s i t y o f C o n n e cticut.
9 [Laughter.]
13n u m b e r s , i t s p e a k s so well.
23 W i t h t h a t , a ten-minute break.
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3t o t e s t i f y .
8C h a i r m a n o f t h e B o a rd of Directors. However, my
14w r i t i n g .
20s e s s i o n s .
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4a r e l o c a t e d , a n d a c credited by a national or
6D e p a r t m e n t o f E d u c a tion.
18e m p l o y e r s , a n d t a x p ayers.
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1 F i r s t , a c c e ssibility. As a group, we
3s h a r e o f m i n o r i t y a nd non-traditional students. We
4p r o m o t e t h e C o m m i s s ion’s recommendations to
6s t u d e n t s .
9a n d t r a n s p a r e n c y i n postsecondary education. We
17a c c o u n t a b i l i t y m e a s urement.
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6m a k e m e h a p p y a s a taxpayer or as a parent.
15t r a n s f e r o f c r e d i t policies.
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2c u r r e n t o n e s .
10i m p r o v e m e n t t o t h e regulations.
11 W e u r g e t h e mandatory participation
21p r o g r a m s .
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416 84
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5A m e r i c a n e c o n o m y .
6 Thank you.
11 D A N M A D Z E L A N: Good morning.
15A d m i n i s t r a t o r s .
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9d u r i n g t h e t i m e o f the negotiations.
21t r a d i t i o n a l p a r e n t s .
22 A n o t h e r t o p ic is the telecommunications
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8m a i n t a i n e d , r e g a r d l ess of telecommunications or
9c o r r e s p o n d e n c e i n s t ruction.
17w i t h o t h e r i n d u s t r y standards.
24s t a t u t e i t s e l f ? ”
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19b e i n g o f t h i s c o u n t ry.
24b e h e r e t o d a y .
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14 N I K O L A I B L I NOW: I am here.
18v o l u n t e e r .
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2a n d f o r y e a r s a f t e r wards.
12b u t t h e b a r e n e c e s s ities.
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16c o l l e g e w a s n o t i n my future.
21d i f f e r e n t p o i n t o f view.
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9p r o g r a m .
10 Thank you.
15S t a t e L o g , a n d M A S S PIRG.
21t h r o u g h o u t M a s s a c h u setts.
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4o f s t u d e n t a i d b y p oliticians.
13c a n b e s u f f o c a t i n g .
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7d e b t .
13 Thank you.
19M a s s a c h u s e t t s .
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11m o n e y .
20d e b t .
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3a n y w h e r e b e t w e e n 8 to 10 percent of my annual
4i n c o m e j u s t f o r t h e se loans.
20t o s t u d e n t l o a n s .
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11a p e r s o n ’ s p r o g r e s s in life.
12 A s l i f e c a n be unpredictable at best,
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2p r o b l e m b e h i n d a n d finding another?
6t h e p e o p l e t h a t a r e becoming financially
12c h i l d r e n t o c o l l e g e .
18m a n n e r .
19 Thank you.
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3e d u c a t i o n i n A m e r i c a.
6t h e g o v e r n i n g b o a r d of my institution as a student
15 [Laughter.]
17n e v e r b e e n v o t e d f o r.
18 [Laughter.]
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10a t m y d o o r s t e p .
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8a b o u t o u r f u t u r e .
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7k n o w l e d g e s k i l l s a n d abilities to be competitive in
9c r i t i c a l .
18a n d c o m p l e t i o n r a t e s.
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1m o r e f u n d i n g i n t o h igher education.
3s p e e c h f i v e a c t i o n items as recommendations to
4a d v a n c e h i g h e r e d u c ation in America.
6i n c r e a s e a c c e s s a n d affordability. We need to
12n a t i o n .
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18l o c a l l y .
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4c a u t i o n y o u t o n o t take a one-size-fits-all
6i n i t i a t i v e s .
19 [Applause.]
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2w i t h a c o n c e n t r a t i o n on entrepreneurship.
8o u t l a n d i s h l o a n s t h at I have accumulated.
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4l i v e .
20f a m i l y , a s w e l l .
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5g o i n g t o h a v e t o w o rk as extensively as I have to
18t h e i r c o n s c i e n c e .
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546 110
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3i m p r o v e m e n t .
5t h i s p r o g r a m .
9S t a t e U n i v e r s i t y .
11U n i v e r s i t y .
17h a v e a s p a r t o f y o u r hearing.
222 0 0 8 - 2 0 0 9 y e a r s a n d beyond.
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5a c a d e m i c f i e l d s o f critical importance.
15i m p l e m e n t a t i o n .
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8 N o w A n n a w i ll talk.
12o f f e r c o m m e n t s .
17s p e a k t o t h o s e .
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7t h e r i g h t d i r e c t i o n , we believe this is
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1s t u d e n t s .
16t o s t u d e n t s .
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1c o n s u m e r - b a s e d l o a n s.
14r e a s o n a b l e i n t e r e s t rate.
24r e p a y m e n t .
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23s o p h o m o r e a t R u t g e r s University.
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19f o r m o f l o a n s .
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3s t i l l a n s w e r t h i s q uestion by choosing to go to
4c o l l e g e d e s p i t e t h e burden.
7t h i s 1 0 0 p e r c e n t . If I am denied or discouraged
14w i l l h e l p m e m a i n t a in that.
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591 119
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3a r e s u f f e r i n g t h e s e issues.
13d e b t b u r d e n I w i l l carry.
22t o c h o o s e o t h e r w i s e ?
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6b u t n o t i m e i n w h i c h to do so.
19p a c k a g e .
24f o r g i v e n w h e n t h a t happens.
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6o n e o r t w o .
15y o u .
16 Thank you.
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1s t u d e n t s a r e f a i r a nd manageable.
8c o l l e g e a f f o r d a b i l i ty issues.
16w w w . s t u d e n t d e b t a l e r t.com.
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611 123
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1c o l l e g e c a m p u s e s .
2 P e r s o n a l l y , through my volunteering, I
7 [Laughter.]
19a d v a n c e m e n t .
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1d e g r e e ?
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18t h a t o u r s o c i e t y n e eds.
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13m o r e m a n a g e a b l e .
14 Thank you.
17 M I C H A E L S H A WE: Hello.
19U n i v e r s i t y s t u d e n t .
20 I w a n t t o b e a journalist. I want to be
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1a s i t u s e d t o .
10e d u c a t e d .
23g i v e b a c k .
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7 Thank you.
14M a r y l a n d , C o l l e g e P ark.
18 A s y o u k n o w , in February, Congress
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8“ e n t i r e . ” T o o o f t e n, we get so caught up in
18g r a d u a t e e x p e r i e n c e s.
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7p r i v a t e l o a n s f o r h er to be able to stay in
8c o l l e g e .
16i s f o r t i m e a n d e n e rgy.
653
654
655
656 132
657
2m e .
3 A l o n g w i t h my participation in student
658
659
660
661 133
662
3b e s u b s t i t u t e d .
10a n d t h e y s i m p l y c a n not.
19w o r k .
663
664
665
666 134
667
2j u s t w o r k e x p e r i e n c e or something to put on my
668
669
670
671 135
672
8A m e r i c a , w o r k i n g a t a non-profit, or perhaps
9w o r k i n g f o r , o r a s , a public defender.
21h e r l o a n d e b t .
673
674
675
676 136
677
13f u t u r e o f o u r n a t i o n is secure.
22s o c i e t y s u c c e e d s .
678
679
680
681 137
682
2l o a n d e b t s i t u a t i o n . Thank you.
4 D A N M A D Z E L A N: Thank you.
6 E M M A S I M P S O N: Good morning.
10i n s t i t u t i o n .
16e d u c a t i o n .
683
684
685
686 138
687
5n u m b e r s i s s u e .
688
689
690
691 139
692
12f a m i l y .
693
694
695
696 140
697
21d a n g e r s o f b e i n g i n debt.
698
699
700
701 141
702
2a c a d e m i c a c h i e v e m e n t, there is an important
16w i t h a p r o f e s s o r .
17 I h a v e b e e n an undergraduate teaching
703
704
705
706 142
707
5c o u l d a f f o r d t h e c o sts of education.
7o p p o r t u n i t i e s a r e n ot available. We pride
12p o s i t i o n s .
21 Thank you.
708
709
710
711 143
712
3c o r n e r . T h a n k y o u , Mary.
61 : 0 0 . T h a n k y o u a l l.
713
714
715
716 144
717
1 A F TERNOON SESSION
2 [1:05 p.m.]
7t h i n k w e a r e g o i n g to be fine.
13e n d o f t h e d a y .
15t o b e C o n s t a n t i n e C urris.
22e d u c a t i o n s y s t e m s .
718
719
720
721 145
722
7i n d e b t e d n e s s .
21f o l l o w .
723
724
725
726 146
727
9u n d e r t r a d i t i o n a l r epayment plans.
21m o r e w i d e l y a v a i l a b le.
728
729
730
731 147
732
8a n d s o c i a l r e a d j u s t ment.
733
734
735
736 148
737
2p u b l i c a t i o n m i s l e a d s the public.
13m o r e d a t a .
738
739
740
741 149
742
1s t r e n g t h e n t h e u n d e rgraduate process.
21s e r i o u s f i n a n c i a l n eed.
743
744
745
746 150
747
12through its work and advocacy. NASW has long advocated for
14care.
24debt.
748
749
750
751 151
752
3to move away from this career in order to pay for their
23of burdensome loan debt so that they can serve their client
24base.
753
754
755
756 152
757
8society.
14at the time, and my monthly $600 loan debt payments ate up
758
759
760
761 153
762
6government for our student loans and will pay over the next
21struggling to repay.”
763
764
765
766 154
767
4makes enough money to easily pay back the loans they have
768
769
770
771 155
772
19me.
773
774
775
776 156
777
16policies that will allow for easier loan repayment and more
22to the amount that I must repay when I exit school. For
778
779
780
781 157
782
14there isn’t much left over to pay off the crippling student
19about.
783
784
785
786 158
787
9coalition organizations.
20to offer, should not view entrance into the realm of higher
788
789
790
791 159
792
3education to all who want one, not to just those who can
4afford one.
793
794
795
796 160
797
12and the financial aid I could qualify for was not enough.
17this feat off, but for me it did not work, and my health
23degree.
798
799
800
801 161
802
803
804
805
806 162
807
23Massachusetts, Dartmouth.
808
809
810
811 163
812
17a factor in the money that they owed, which really scares
22life to pay off the money I owe, and I know they don’t want
23that for me, either. I also know it pains them that I had
813
814
815
816 164
817
7some way.
12not crazy about, but I don’t want to have a job I love with
818
819
820
821 165
822
4with this cost. You can adopt the five-point plan to help
5ease the burden many are facing now, and countless others
823
824
825
826 166
827
1 Thank you.
828
829
830
831 167
832
7take more and more loans to pay for it. Even though a
21for our children to fail? We are all here with one aim,
833
834
835
836 168
837
4of the brave.” Can you imagine what we can achieve if our
23inconsistent.
838
839
840
841 169
842
843
844
845
846 170
847
848
849
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851 171
852
15discussed various changes, but has not yet amended the law.
16We would echo the advice that has been given in previous
853
854
855
856 172
857
10has been highly successful over the years, and one that
23others.
858
859
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861 173
862
23comparable outcomes.
863
864
865
866 174
867
8intervention.
24here today.
868
869
870
871 175
872
22upset for the wrong reasons. We should have been upset for
23the fact that what he said actually has some truth to it.
873
874
875
876 176
877
7there today, and some of them are in Iraq, never given the
11These are not students, and they are not just pupils, and I
878
879
880
881 177
882
13income students.
883
884
885
886 178
887
22education.
888
889
890
891 179
892
893
894
895
896 180
897
10college loans.
18the end, we would all benefit from the great leaders and
898
899
900
901 181
902
7Maryland.
17some money.
903
904
905
906 182
907
23her own to pay back to UMBC, not to mention house and car
908
909
910
911 183
912
14 Thank you.
19New Hampshire.
913
914
915
916 184
917
20keep up with loans and the rising cost of living was not
918
919
920
921 185
922
4situations.
14where only the super rich can attend college while they try
15and send us poor folk off to war? So, when you are all
923
924
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926 186
927
4Administrators.
928
929
930
931 187
932
20another loan deferred for the same timeframe and the same
933
934
935
936 188
937
7forbearance.
938
939
940
941 189
942
23repayment.
943
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946 190
947
9fiscal responsibility.
14annually in April.
20succeed.
948
949
950
951 191
952
1to take a step back and review and evaluate the conditional
9agencies is needed.
953
954
955
956 192
957
13disadvantaged individuals.
958
959
960
961 193
962
7certificate.
11Thank you.
22year.
963
964
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966 194
967
3three points.
968
969
970
971 195
972
973
974
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976 196
977
4about the form and the programs, and I know that is still
5the case.
7more likely that you will get a BA if you come from the
20gets. That document lays out how much you can expect to
978
979
980
981 197
982
3citizens, you have information and you can act on it, you
4can work or you can save, or you can decide, “No, I can
12And each year families could be asked, when they file their
15 [Laughter.]
983
984
985
986 198
987
5they will qualify for all of the money that they need, and
8strategy, they can motivate them and make them think that
9college is possible.
12state benefits like SSI or TANF. The agency that they work
16go to college, you fill in the back with the schools you
988
989
990
991 199
992
8actual income, and the data reported on the tax return may
13This may not be perfect, some colleges may still want more
993
994
995
996 200
997
3repayments.
5dollars, and since we are all looking for new grant money,
6it would be our hope that if, in fact, we ever ended the
8of one loan, that you would all institutions that have
24accreditor.
998
999
1000
1001 201
1002
1003
1004
1005
1006 202
1007
17professions we serve.
1008
1009
1010
1011 203
1012
1013
1014
1015
1016 204
1017
1also hope that the process will move forward with the goal
6 Thank you.
1018
1019
1020
1021 205
1022
12each year, and I know that many do not have that financial
16education.
1023
1024
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1026 206
1027
6and for no reason that I can comprehend, the cost for the
23debt.
1028
1029
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1032
1student loan debt will not get me out of the red, nor will
2it lower tuition costs or raise funding for grants, but the
5into action now, because the truth is, despite what people
9very reason that we are planning for our future. There are
10so many valuable skills for life and career that can only
1033
1034
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1037
1back?
16education.
1038
1039
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1041 209
1042
11of loan repayments, but the decision had been made. I had
1043
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1052
20from the student aid programs, and in the first year of the
1053
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1057
14the AP courses.
21in this area, and looks forward to the next spring summit
1058
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1062
3affordability.
15Thank you.
19 Thank you.
20 [Brief recess.]
1063
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1067
8College Students.
19important for our colleges than they are for other sectors
20of institutions.
1068
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1072
5and these are the kinds of issues that are best mediated
1073
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1077
17Report.
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1081 217
1082
1083
1084
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1086 218
1087
1088
1089
1090
1091 219
1092
6 Thank you.
22financial status.
1093
1094
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1096 220
1097
22debilitation.
1098
1099
1100
1101 221
1102
10homes.
18income.
1103
1104
1105
1106 222
1107
5Security is predicated.
1108
1109
1110
1111 223
1112
2is on the need for loan forgiveness for social workers, and
1113
1114
1115
1116 224
1117
5look back at the last two HEAs, which the last one is so
13the time, and would never submit myself to that again, but
16in 2006, still talking about pilots, and models, and things
19patient.
1118
1119
1120
1121 225
1122
1123
1124
1125
1126 226
1127
16carefully.
22reflect back in the late 1980s and early 1990s, for the
1128
1129
1130
1131 227
1132
16given time.
1133
1134
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1137
16the fact that tuition rates are what they are. I have two
18authority here.
20student fees are what I used to pay for tuition back in the
1138
1139
1140
1141 229
1142
2important.” And probably the only way that will take place
17job.
23u s t o d a y .
1143
1144
1145
1146 230
1147
6i n s t i t u t i o n s .
9c o m e t o t h e p o i n t .
16i n c u r r i n g m o r e .
1148
1149
1150
1151 231
1152
5a l s o m a n y o t h e r g r a duate degree-holding
1153
1154
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1156 232
1157
7t h i n k i n g a b o u t t h i s issue.
9b r i e f l y , t o h i g h l i g ht my concern, a couple of
13d e p a r t m e n t s .
24l o a n s .
1158
1159
1160
1161 233
1162
4c a t e g o r i e s , b e a t o u t only by university
6o u t s i d e e m p l o y m e n t .
12c o m p l e t i o n o f t h e i r degree.
1163
1164
1165
1166 234
1167
4t h a t i s u n d e r t a k e n .
10h a v e t o .
11 [Laughter.]
1168
1169
1170
1171 235
1172
3P r e s i d e n t o f t h e L a boratory Institute of
13s t a b i l i t y .
24i n d e e d , f i n a n c i a l l y sound.
1173
1174
1175
1176 236
1177
12a s s e t s .
21u n d e r v a l u a t i o n o f t he asset.
1178
1179
1180
1181 237
1182
3s e v e r e u n d e r v a l u a t i on.
5G A A P - b a s e d f i n a n c i a l statements exponentially
12n e e d y s t u d e n t s .
1183
1184
1185
1186 238
1187
11e x c e p t i o n a l c a s e s .
12 T h a n k y o u f or your time.
20m i l l i o n s o f s t u d e n t s nationwide.
1188
1189
1190
1191 239
1192
2r u l e m a k i n g p r o c e s s .
121 6 0 p e r c e n t .
1193
1194
1195
1196 240
1197
3a c h i e v e s u c c e s s i n this country.
1198
1199
1200
1201 241
1202
6r e p a y m e n t s .
16t i m e s o f f i n a n c i a l instability.
1203
1204
1205
1206 242
1207
16m o s t p o t e n t i a l .
1208
1209
1210
1211 243
1212
9s c h o o l .
1213
1214
1215
1216 244
1217
8a g a i n s o o n .
15P e l l r e c i p i e n t s .
1218
1219
1220
1221 245
1222
2t h a t I p a r t i c i p a t e d in a successful program.
12n e i g h b o r h o o d s .
21B o u n d .
1223
1224
1225
1226 246
1227
7a t t o r n e y t o d a y .
16t h a t .
1228
1229
1230
1231 247
1232
6r e s o u r c e s t h a t t h e y request.
19 Thank you.
1233
1234
1235
1236 248
1237
5l i s t .
8h a l f a n h o u r .
14t o d a y .
1238
1239
1240
1241 249
1242
4e n o u g h f o r y o u r c l i ent.”
17b o r r o w e r s a n d v i c t i ms of fraud.
1243
1244
1245
1246 250
1247
3a f f e c t t h e l o w e s t i ncome borrowers.
8b o r r o w e r s i n d e f a u l t to reconsolidate defaulted,
10a c c e s s t h e I C R P .
19l o a n s .
23w i t h s t u d e n t l o a n d ebt.
1248
1249
1250
1251 251
1252
8b o r r o w e r c o m p l a i n t s .
17r i g h t t h i n g .
1253
1254
1255
1256 252
1257
4p r o g r a m s .
12c o n s i d e r a t i o n o f o u r nomination.
19t r y i n g t o b e t t e r t h emselves.
20 Thank you.
1258
1259
1260
1261 253
1262
1s o m e t h i n g .
19o p e n m i k e t i m e .
22a d j o u r n e d . ]
23
24
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1267
10
11
12
13
14
15
1268
1269
1270