There are a couple of comments I'd make. The student loan program is a big program, so if you were actually to look at the government's balance sheet, you'd see about $14 billion in accounts receivable related to student loans.
When you're issuing that volume of loans, you are going to have some writeoffs. No one likes writeoffs, but I would say that if there are years where you don't see writeoffs, it's actually a bad sign. Departments should be coming forward and cleaning up their books on a regular basis. This is an annual event. Since CRA has taken over collection of the loans, we have seen an improvement. The default rate has dropped by about half. You are going to see this as an annual event, because departments do need to go and clean up their books. These are writeoffs, not forgiveness. In many cases the six-year time period has expired, so we do write them off.
That does not mean the debt is forgiven. Many of these people have left the country or potentially even passed away. If they do come back into the system for some reason, if they've left the country and have come back, writing off the debt does not stop us from collecting in the future. It is a bookkeeping event, and we should be doing it on a regular basis. That's what's being done here.