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That is not department of education, its other departments and the government. This is a widely recognized problem that we have, that weve all contributed to including us in congress, those of us who have been in government. So heres my question, would you be willing an example, let me give an example for example when students withdraw from college a portion of their title 4 funds has to be returned to the federal government. Regulatory techs are figuring out what that is, over 200 pages in a handbook. Thats one of the number one objections they have. That could be easily fixed with financial responsibility standards, theres a requirement for audited Financial Statements for private nonprove it and for profit colleges that causes them to get expensive letters of credit according to this report. These requirements by the department dont cause dont follow accepted accounting principles, another one is that when the fapsa, the ....
That is not department of education, its other departments and the government. This is a widely recognized problem that we have, that weve all contributed to including us in congress, those of us who have been in government. So heres my question, would you be willing an example, let me give an example for example when students withdraw from college a portion of their title 4 funds has to be returned to the federal government. Regulatory techs are figuring out what that is, over 200 pages in a handbook. Thats one of the number one objections they have. That could be easily fixed with financial responsibility standards, theres a requirement for audited Financial Statements for private nonprove it and for profit colleges that causes them to get expensive letters of credit according to this report. These requirements by the department dont cause dont follow accepted accounting principles, another one is that when the fapsa, the ....