This hearing of the Committee on Health, Education, Labor, and Pensions examines reauthorizing the Higher Education Act, focusing on accountability and risk to taxpayers. The following opening statements were presented: (1) Honorable Lamar Alexander, Chairman, Committee on Health, Education, Labor, and Pensions; and (2) Honorable Patty Murray, Ranking Member, a U.S. Senator from the State of Washington. The following witnesses presented statements: (1) Anthony P. Carnevale, Ph.D., Research Professor and Director, Georgetown University Center on Education and the Workforce, Washington, DC: Prepared Statement and Summary Statement; (2) Mamie Voight, Vice President of Policy Research, Institute for Higher Education Policy, Washington, DC: Prepared Statement and Summary Statement; (3) Jose Luis Cruz, Ph.D., President, Herbert H. Lehman College, City University of New York, Bronx, New York: Prepared Statement and Summary Statement; (4) Jason D. Delisle, Resident Fellow, American Enterprise Institute, Washington, DC: Prepared Statement and Summary Statement; and (5) Ben Miller, Senior Director, Postsecondary Education, Center for American Progress, Washington, DC: Prepared Statement and Summary Statement. The following additional material of statements, articles, publications, letters, etc. are presented: (1) Honorably Patty Murray: Senator Dick Durbin Statement for the Record; and (2) Honorable Tim Kaine, National organizations representing the Nation's military servicemembers, veterans, survivors, and military families, prepared statement.