A Republican Appointee on the Sallie Mae Board

"It is important to understand that this is not all children. This is the children of people who cannot afford to pay for university. The children of the rich are fine."

"Student loan debt, under current law and national economic circumstances, is a way of handicapping the children of working people and ensuring that they become dependent on corporations, corporate law and accounting firms and the military to service their student loans... This is the end of entrepreneurship, the end of innovation, the end of meritocracy. Instead of the best and the brightest reinventing and reinvigorating our culture and our economy, they will be entrapped early to serve old, vested interests."