Comments on: “Fistfulls of cash” http://www.blog.rockthevote.com/2010/03/fistfulls-of-cash.html The official Rock the Vote Blog Mon, 30 Jan 2012 14:59:17 +0000 hourly 1 By: Thomas http://www.blog.rockthevote.com/2010/03/fistfulls-of-cash.html/comment-page-1#comment-11232 Thomas Fri, 12 Mar 2010 22:12:15 +0000 http://www.blog.rockthevote.com/?p=2626#comment-11232 @shoeless - It was 7 years of higher education, including law school (and lots of debt). Appreciate the editing. Fixed. @shoeless – It was 7 years of higher education, including law school (and lots of debt). Appreciate the editing. Fixed.

]]> By: Thomas Bates http://www.blog.rockthevote.com/2010/03/fistfulls-of-cash.html/comment-page-1#comment-11231 Thomas Bates Fri, 12 Mar 2010 20:35:43 +0000 http://www.blog.rockthevote.com/?p=2626#comment-11231 I don't know the answers to the two questions you posed (trying to find out), but the government already runs the direct lending program alongside this current program. Under the legislation, all federal loans will be moved to the Direct Lending program by 2010. It also ensures that there is a role for private industry in providing loan servicing. The bill will establish a competitive bidding process that allows the Department of Education to select lenders based on how well they serve borrowers, educate them financially, and prevent loan defaults. I don’t know the answers to the two questions you posed (trying to find out), but the government already runs the direct lending program alongside this current program. Under the legislation, all federal loans will be moved to the Direct Lending program by 2010. It also ensures that there is a role for private industry in providing loan servicing. The bill will establish a competitive bidding process that allows the Department of Education to select lenders based on how well they serve borrowers, educate them financially, and prevent loan defaults.

]]> By: shoeless http://www.blog.rockthevote.com/2010/03/fistfulls-of-cash.html/comment-page-1#comment-11230 shoeless Fri, 12 Mar 2010 18:16:18 +0000 http://www.blog.rockthevote.com/?p=2626#comment-11230 "The lenders – big banks and Sallie Mae – don’t want to LOOSE this sweetheart deal" Too bad student loans don't guarantee that recipients actually learn anything in their four (or more) years of study. Keep up the good work! “The lenders – big banks and Sallie Mae – don’t want to LOOSE this sweetheart deal”

Too bad student loans don’t guarantee that recipients actually learn anything in their four (or more) years of study. Keep up the good work!

]]> By: Sean Foushee http://www.blog.rockthevote.com/2010/03/fistfulls-of-cash.html/comment-page-1#comment-11208 Sean Foushee Thu, 11 Mar 2010 18:54:27 +0000 http://www.blog.rockthevote.com/?p=2626#comment-11208 Has anyone from Rock The Vote called Sallie Mae and asked the following questions: 1. What is the current percentage of defaults on the student loans you issue? 2. What is your profit margin on loans adjusted for the high default rate? I find it hard to believe that this is the only side to this story, or that a government takeover of the student loan business is anything close to being good for American students. Has anyone from Rock The Vote called Sallie Mae and asked the following questions:

1. What is the current percentage of defaults on the student loans you issue?
2. What is your profit margin on loans adjusted for the high default rate?

I find it hard to believe that this is the only side to this story, or that a government takeover of the student loan business is anything close to being good for American students.

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