- okay. it was now clear. we had finally found our man. - got it. so it s 20 years since the 1998 higher ed reauthorization act. - yeah. - and the bankruptcy provision, in particular how much time have you spent reflecting on that decision that you guys made back then? - i have i don t it wasn t the most dominant thing i ve thought about since then. i have in many conversations, defended what i think was a reasonable decision, that these are obligations that people make. and that when people accept an obligation, they have a responsibility to attend to that. and if students actually defaulted, they weren t they simply weren t acting in good faith. - so you just made a point that, you know, people should meet their obligations, like you said. but given not what the intention was, but what the result has been 20 years in, does that give you some pause and make you think
and so they went to the education department and you for ideas. and then that s where kind of that idea developed. does that sound about right? - i think that s fair representation of the time. - okay. it was now clear. we had finally found our man. - got it. so it s 20 years since the 1998 higher ed reauthorization act. - yeah. - and the bankruptcy provision, in particular how much time have you spent reflecting on that decision that you guys made back then? - i have i don t it wasn t the most dominant thing i ve thought about since then. i have in many conversations, defended what i think was a reasonable decision, that these are obligations that people make. and that when people accept an obligation, they have a responsibility to attend to that. and if students actually defaulted, they weren t they simply weren t acting in good faith.