Chairman Scott, Ranking Member Foxx, and Members of the Committee:
Let me first thank the committee for its willingness to make this a productive hearing. We have provided the committee 18,000 pages of documents during the past month on borrower defense alone, we have briefed you several times, and I’m hopeful we can use today’s hearing to continue in that spirit of constructive dialogue.
Let me also thank you for the opportunity to set the record straight on this Administration’s approach to borrower defense to repayment.