Page 23 - School Debt News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Thank you very much. Im very disappointed that sallie mae did not come today, and i think its important that we take a closer look at how all of our servicers are performing. But we need accurate data to be able to do that, so thank you. Want to ask a second question, thats about the Student Loan Program. You know, Student Loan Program just from 2007 to 2012 are now on target to make 66 billion in profits for the United States government. Just that small cohort. And lets keep in mind these are the best data we have available. These are government data, these are not data anybody else made up. ...

So it appears that most of those are ours will be paying their loans so if thats the case why would we, because thats the current default system right now. Why would we want to change it . Im trying to figure this out. I dont have a dog in this fight one where the other. My goal is success not just in the classroom but once they graduate from the classroom and by allowing the income base repayment to be the initial, the automatic prepayment plan it insures that no student would have a loan repayment that would exceed their ability to repay. Therefore reducing the default rate. It simplifies th...

5. 5 million internet new enrollees. All of those enrollees we have an even faster than how many had insurance before. He reduced list even further to maybe 2. 5 million net new paying enrollees. Then there is the separate issue as to whether they were cleared through the exchanges. And so again, as i say, i told you about this. Youre not officially signed up. If they havent paid it come are they really enrollees . And i would always question how many of them pay. Would it not be disingenuous to include them in the total . And you get the skinny here. And i want to bring in my friend, pat buch...

5. 5 million internet new enrollees. All of those enrollees we have an even faster than how many had insurance before. He reduced list even further to maybe 2. 5 million net new paying enrollees. Then there is the separate issue as to whether they were cleared through the exchanges. And so again, as i say, i told you about this. Youre not officially signed up. If they havent paid it come are they really enrollees . And i would always question how many of them pay. Would it not be disingenuous to include them in the total . And you get the skinny here. And i want to bring in my friend, pat buch...

To thank you and the Ranking Member who is currently not here, but you all in this committee have done such a great job in responding to this crisis. I think showing excellent leadership. We heard from the va directly. Weve heard from the gao, the office of Inspector General, hearing from the private sector. Each of us in our individual capacities are listening directly to the veterans in our community. I ask we have a panel of vet vans and Veterans Service organizations if we are talking about veterancentered care, we need to hear from them. And add to mr. Mcclains excellent suggestion of hav...