News, Views and Careers for All of Higher Education
July 18
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A member of the Bush administration is not being brought to justice quickly enough? This slow pace must be an anomaly for an administration built around and shrouded in the rule of law.
bevo, at 8:15 am EDT on July 18, 2008
As I join the list of unemployed workers due to this huge mess, I am so PO’d that all still fail to disclose the truth in all reporting. For one, Student Loan justice is just still crying because he has to pay back on a loan he fully used and then failed to pay on time. If you would have been as proactive with your loan as you are in tearing down the very loan company that gave you a loan when you were an unemployed student, then you wouldn’t have ever been in a position of default. It is clearly stated that your loan goes into repayment 6 months after your last day of attendance. Secondly, of over 20 thousand financial aid professionals, 5 were in question of gray areas and NOT illegal areas. I can guarantee that in any business you do with any company, they have went to lunch or dinner with a sales rep and therefore have those products on their list to offer you. Third, because of total political BS, now thousands of us find ourselves unemployed. We are the regular people like you supporting a family, taking care of day to day life. The ones making the millions are still employed in most cases. So all you hurt was the regular people. Maybe we would have made a bigger difference if we would have actually addressed the issues. Like putting a cap on earnings, profits etc. Anything over and above since it is student loans, would have to go back into programs directly impacting students. I have still not seen a student hurt by the special pricing they were given because their school did list a lender on their list of lenders. Last of all, please tell the full story about this education department worker. He use to work for Sallie Mae first of all and secondly he was given that stock prior to his position with the department. Why no one wants to mention that is beyond me. Financial Aid Offices are now in a huge mess as they have to work thru this and change their loans to direct lending so they can spare themselves from being under the micro. It is okay to have an exclusive with the government but not a lenders?? I cannot figure out why anyone doesn’t ask Cuomo where the heck all the money is that he collected. Lets get full accounting on this.
Displaced Worker, at 5:50 pm EDT on July 18, 2008
First, I highly doubt that you are who you claim to be. You fail to use your real name, and your syntax is tiringly to that of “Joe Banker", “GradGirl", and other pseudonyms I have seen posted here. Why not use your real name if you feel so strongly about your arguments?
Second. Look at every financial aid professional organization in this country. What do you find? They are largely funded by the student loan industry, and lending executives occupy key leadership positions. Why should students trust anything that a financial aid administrator says with professional ties and dependencies such as these?
Point the finger anywhere you want, but in the end, it is the financial aid administrators who need to step up and bear some responsibility.
Alan Collinge, Founder at StudentLoanJustice.Org, at 10:00 am EDT on July 19, 2008
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Matteo Fontana
The Department of Education has been corrupted to its core by the student loan industry. Keeping Matteo Fontana on the payroll is just one symptom of this.
One can only hope that the next president will clean house. Completely, and entirely. Bad government hurts people. Come to studentloanjustice.org to read their stories.
Alan Collinge, Founder at StudentLoanJustice.org, at 4:55 am EDT on July 18, 2008