Skin In The Game Centerpiece of 2014 Agenda

New legislation being introduced by three Senators Richard Durbin of Illlinois, Jack Reed of Rhode Island and Elizabeth Warren are introducing a key piece of legislation aimed at punishing schools with high default rates. Apparently they will be making this a centerpiece of legislation in the coming year of 2014.

Reed entered a controversial language that would punish schools with a monetary penality in relation to their defaulted dollars.

They are proposing that CDR’s in excesss of 15 percent or higher would begin paying a penalty of 5 percent of the dollar value of the outstanding defaulted debt.

Wow! This is going to hit home with alot of schools that are in the upper teens and low twenties.

read more here….

Advertisements

About defaultprevention

Default Prevention Specialist since 1998.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s