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The 113th Congress will convene its second session on January 7th, 2014. While the debate will continue around the fiscal challenges facing our country, the recent budget deal suggests that there will be greater motivation to pass appropriations bills during this second session. Outside of fiscal issues, there remain numerous issues that have been raised by both the Administration and Congress that will likely impact our students, our schools, our employees and our company. The Department of Education has conducted negotiated rulemaking on a second round of gainful employment regulations. These regulations are expected to be released for comment in early 2014. In addition, Congress is expected to continue its consideration of re-authorization of the Higher Education Act of 1965. Both the Senate HELP Committee and the House Education and Workforce Committee have held hearings to discuss issues inherent in re-authorization including accreditation, Title IV federal aid, the regulatory triad, educational innovations and student success. We are pleased that our interests and goals with respect to higher education and an enhanced workforce continue to be aligned with those of President Obama, the U.S. Department of Education, and Congress. We look forward to a continued and robust dialogue as to how we may work together to achieve the goal of again being first in the world in terms of the number of college graduates.