Monthly Archives: March 2013

HOT OFF THE PRESSES, GAINFUL EMPLOYMENT IS DEAD!

HOT OFF THE PRESSES! Judge Rejects Education Department’s Appeal in Gainful-Employment Case Decision hands victory to Association of Private Sector Colleges and Universities From The Chronicle of Higher Education, March 20, 2013: "A federal judge has rejected the U.S. Department … Continue reading

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OK Defaults Highest

Data from the U.S. Department of Education shows that Oklahoma has one of the highest student loan default rates in the nation.

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27 Servicers WOW!

Someone in the current administration has decided to add new servicers to the current list. Ultimately, 27 servicers are going to exist! Arggghhhhhhhhhh! Wanna talk about higher defaults! Students now have to negotiate with 27 servicers, many which do not … Continue reading

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Weigh the Merits of Deferments in Default Prevention

Interesting article I read today in Wall Street Journal….. To lower their number of student-loan defaults, colleges are embracing a controversial tactic: Encouraging borrowers to put off payments. A growing number of nonprofit colleges are hiring companies that specialize in … Continue reading

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Sallie Mae Lowers Rate on Private Loans

Sallie Mae announced March 6 that it’s lowering the top interest rate on its fixed rate student loans for graduate students. The lowest rate on its Smart Option Student Loan will remain at 5.75%, but the top rate drops on … Continue reading

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