Thank you, Mr. Chair.
Thanks to our witnesses.
I'll just say I'm proud to be part of a government that's showing leadership to reform government and that's taking the necessary steps to provide fiscal responsibility in these challenging global economic times. I appreciate the information and the opportunity to clarify a couple of questions.
One question of concern looked at by last year's committee as well is the writeoffs of the student loans. We're looking at $231 million, I believe, for over 44,000 students. Could you enlighten the committee on how this compares? Last year it was about $312 million, if I recall, in 2011-12 for about 98,000 accounts that we had to write off. I think they dated back about a decade. Could you provide the details on the uncollected loans as well as writeoff versus forgiveness?