as "the chronicle of higher education" recently noted, some colleges are working to reduce fees without lowering scholarships for incoming freshmens. macy university is also working to reduce costs. we look forward to hearing about their initiatives during today's hearing. each of these initiatives helps ensure higher elleds indication remains in america. we should also encourage increased transparancy in the reporting of annual college costs. students and their families look forward to continued innovations . thank you. >> i would like to thank our distinguished witnesses for joining us here today. this hearing is an opportunity for this committee to reaffirm its commitment to affordability, equity, and student success in higher education. as we look for innovative strategies to reduce college costs and bolster college completion, it is important that we do not create new obstacles for low income first-generation college and nontraditional and minority students. these populations are entering our ledges and universities in record numbers and must have the opportunity to go on and succe