"Chairman Durbin, members of the committee, thank you for inviting me to speak with you today. My name is Neal McCluskey and I am the associate director of the Center for Educational Freedom at the Cato Institute, a nonprofit, non-partisan public policy research organization. My comments are my own, and do not represent any position of the institute. As a result of decades of college price increases that have eclipsed normal inflation and growth of household income, the nation has rightly begun to focus on the extraordinary cost of postsecondary education. And the federal government, as the primary supplier of aid to students, has a critical role to play in restoring sanity to college pricing: it must greatly reduce student aid. Unfortunately, what this committee is contemplating — changing bankruptcy law concerning private student loans — will do almost nothing to address the root cause of rampant tuition inflation."