Monthly Archives: October 2012

Romney Wants to Dump Direct Lending

It is my understanding that Romney opposes direct government student loans, and wants to return to the system where private banks and loan companies issued student loans and the government repaid if the student defaulted. Advertisements

Posted in Uncategorized | Leave a comment

After Your Loan Defaults

Private Collection Agencies The U.S. Department of Education currently contracts with several collection agencies to administer many of the collection activities of our accounts. Only those accounts which fail to establish and adhere to a repayment arrangement are subject to … Continue reading

Posted in Uncategorized | Leave a comment

University of Phoenix Closing 115 Campuses

This is an excerpt from the Wall Street Journal I read today. GROUP Appolo (University of Phoenix) lost more than 20% after the education company for profit recorded a sharp drop in quarterly profit, hit by higher costs and declining … Continue reading

Posted in Uncategorized | Leave a comment

Gainful Employment Dead or Alive

Despite Federal District Court Judge Rudolph Contreras’ ruling that negates a primary metric of the U.S. Department of Education’s “gainful employment” regulations, the DOE still has authority to regulate gainful employment programs and schools should continue to look for ways … Continue reading

Posted in Uncategorized | Leave a comment

218 Colleges Need Default Prevention Plan

On Friday, the U.S. Department of Education released the first official three-year cohort default rates for postsecondary institutions. As has been widely reported, more than 200 schools had rates at or above 30 percent and now must develop default prevention … Continue reading

Posted in Uncategorized | Leave a comment