I have checked with the higher education systems in my state. They certainly are not at full capacity and certainly can handle more students. Perhaps there should be some limit on the number of years of study abroad. No, it is not. Maybe we ought to limit the number of years that the taxpayers will fund foreign education.
Today there is no limit.
Students can complete their entire education abroad, supported by the taxpayers, sometimes not in good institutions. Perhaps the quality of the institution should be verified, among other things. But this will not be an issue raised by our legislation today. Our legislation will simply go to the question of whether or not we can improve the way we guard against actual fraud in these loans. So I introduce this legislation today and hope my colleagues will quickly support such a measure as this because I believe it will reduce the fraud that has been plainly demonstrated in a critical report by the Office of Inspector General of the U.S. Department of Education.