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Transcripts For CSPAN2 Key Capitol Hill Hearings 20140328

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. The gao, the cbo to, the fed are all looking in the same direction at whats happening to students that are loading up on Student Loan Debt. And right now best estimate we have is that the Interest Rate were going to charge next year to our students is double, nearly double, the rate that undergraduates would have to pay in order to have the program break even. And as much as triple for graduate st

Transcripts For CSPAN2 Key Capitol Hill Hearings 20140328

Had been 17 years at that point. I got out and i went into the private sector. I actually had three jobs in the private sector. Started out with United Technologies corporation, did a couple years there. I went on to Business Executives for National Security which is a nonprofit organization. And then i went to saic wishes science applications international. At a variety of jobs there, in the as being the president of the technical and engineering sector. So i was actually running a segment of our business and saic. Saic does it solutions and Technology Services and solutions for the government. Mostly the military. So you see the thread thread tht always links my career together has always been military issues. Its our national the fans. I have always been a civilian, never served in uniform, always been a civilian in support of defense, but i served as well is the way i look at it, including my time industry because we cant get our work done in government without our industry partner

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