Monthly Archives: June 2011

Discover Credit Card (DFS) Purchases Student Loan Corp(SLC)

Discover Financial Services announced they have acquired of Student Loan Corp. or SLC on December 31, 2010. The acquisition includes SLC’s ongoing private student loan business and private student loans and other assets totaling $4.2 billion, along with $3.4 billion … Continue reading

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WOW! ED Breaks Down Man’s door

Kenneth Wright with no criminal record does not know why a S.W.A.T team would be breaking down his door at 6 a.m. on Tuesday. "I look out of my window and I see 15 police officers," Stated Wright. Wright came … Continue reading

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Gainful Employment Final

Linked are an advanced copy of the Department of Education June 2 press release (here) and a power point (here) from the U.S. Department of Education. Bottom line, the Department changed the timeline but kept the metrics – – the … Continue reading

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Default Prevention Services Transition to New System

(ED) – Education Department officials took notice last fall of how successfully the gov. and college officials had made the transition to a single system for originating federal student loans, they agreed with virtually all aspects of the process — … Continue reading

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