a bipartisan group of your colleagues, and cleaning senators club which are -- frank ken ande heller -- fran heller, we could go much further by regulating the financial accounts of students from already regulated and well-supervised depository institutions. we believe this would be outside the department's scope, whether it is a college affiliated checking account or private student loan. serviceso offer these to serve the student well. thank you for the opportunity to testify. >> thank you for your testimony. as we begin questions, i will ask the clerk to put five minutes on the clock for each member. bergeron, many student loan borrowers are unable to refund and areudent loans being taken advantage of directly low interest rates. what challenges in refinancing student loan debt and what recommendations do you have to address this issue? chairman, as i indicated in my testimony, i think the issue of refinancing is perhaps the most critical. theould give the borrowers ability to take federal loans and combine them with private loans to repay them as a single package with your total d