This document records testimony from a hearing held to discuss higher education and transparency as Congress is working to reauthorize the Higher Education Act. Member statements were presented by: (1) Honorable Susan A. Rankin, Ranking Member, Subcommittee on Higher Education and Workforce Development; and (2) Honorable Brett Guthrie, Chairman, Subcommittee on Higher Education and Workforce Development. Witness statements were presented by: (1) Andrew K. Benton, President and Chief Executive Officer, Pepperdine University; (2) Jason Delisle, Resident Fellow, American Enterprise Institute; (3) Mark Schneider, Vice President, American Institutes for Research; and (4) Mamie Voight, Vice President of Policy Research, Institute for Higher Education Policy. Additional submissions presented by: (1) Honorable Luke Messer, Representative in Congress from the State of Indiana: Letter dated May 24, 2017 from the Consumer Bankers Association; (2) Honorable Jared Polis, Representative in Congress for the State of Colorado: Bicameral College Act; (3) Questions submitted for the record by: Honorable Suzanne Bonamici, Representative in Congress from the State of Oregon; Honorable Virginia Foxx, Representative in Congress from the State of North Carolina; and Honorable Paul Mitchell, Representative in Congress from the State of Michigan; and (4) Responses to questions for the record: Mr. Benton; Mr. Delisle; Dr. Schneider; and Ms. Voight.