Comments on: Student Loan Scandal and the Rise of Tuition http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/ Scholarships, Grants, Financial Aid Thu, 02 Sep 2010 19:21:37 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: money games http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-25870 money games Sun, 02 May 2010 15:07:22 +0000 http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-25870 lots of tips for students. very usefull blog thanks lots of tips for students. very usefull blog thanks

]]> By: Student Loans No Cosigner http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-24320 Student Loans No Cosigner Thu, 01 Apr 2010 20:57:13 +0000 http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-24320 It is a real shame that this had to happen, but it really plays to our capitalist society. The private student loan industry is now reeling upon the passing of the new student loan reform bill, and it will be interesting how things go forward with this. It is a real shame that this had to happen, but it really plays to our capitalist society. The private student loan industry is now reeling upon the passing of the new student loan reform bill, and it will be interesting how things go forward with this.

]]> By: Congress May Cut Banks from Student Loan Business | Free College http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-14983 Congress May Cut Banks from Student Loan Business | Free College Fri, 18 Sep 2009 05:36:20 +0000 http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-14983 [...] profitability to participating banks. These guaranteed profits have been a constant source of criticism and controversy. If a student is unable to repay such a loan, the government will reimburse the lender for a [...] [...] profitability to participating banks. These guaranteed profits have been a constant source of criticism and controversy. If a student is unable to repay such a loan, the government will reimburse the lender for a [...]

]]> By: Free College with Obama? Not Quite http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-4286 Free College with Obama? Not Quite Fri, 02 Jan 2009 22:34:38 +0000 http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-4286 [...] on is cutting off the student loan industry from the lucrative federal subsidies that virtually guarantee profitability of student loan companies.  The problem with getting rid of these subsidies is not just that there are financial interests [...] [...] on is cutting off the student loan industry from the lucrative federal subsidies that virtually guarantee profitability of student loan companies.  The problem with getting rid of these subsidies is not just that there are financial interests [...]

]]> By: Loans Portland http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-3135 Loans Portland Mon, 03 Nov 2008 12:30:33 +0000 http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-3135 I agree with the previous poster. The more the government gets involved in both education and health care the the cost of both will increase. They need to regulate insurance companies but they don't need to provide health insurance or low interest funding for education. Sorry to hear about that Licia - that is truly ridiculous. -Ryan I agree with the previous poster.

The more the government gets involved in both education and health care the the cost of both will increase. They need to regulate insurance companies but they don’t need to provide health insurance or low interest funding for education.

Sorry to hear about that Licia – that is truly ridiculous.

-Ryan

]]> By: Licia http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-2560 Licia Thu, 09 Oct 2008 16:04:00 +0000 http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-2560 STUDENTS BEWARE THIS COULD HAPPEN TO YOU! My loan guarantee agency whose headquarters are in Madison, WI reported me as having graduated from school while I was still a student attending classes full time. This sent ALL of my loans into repayment, even loans they did not guarantee, while I was still a student. I informed them several times of their mistake, my school informed them of their mistake, as well as my attorney, and they still refused to change it. Unfortunately, due to the graduated status erroneously reported by my lender I was denied for every single student loan that I applied for. I know that I am not the only student the Great Lakes Higher Education has done this to. Even more appalling is the Department of Education gave this guaranty agency a pass on such deplorable actions that violate the agreement they made to both the Department of Ed. and the Clearinghouse. More importantly it is carelessness like this that has put the economy in the current state that it is in. Their negligence has ruined my credit, my future, and caused immense financial harm, and distress to both myself and my family. I have documentation that I would be more than happy to share if it means that no other student has to experience what I have experienced. STUDENTS BEWARE THIS COULD HAPPEN TO YOU!

My loan guarantee agency whose headquarters are in Madison, WI reported me as having graduated from school while I was still a student attending classes full time. This sent ALL of my loans into repayment, even loans they did not guarantee, while I was still a student. I informed them several times of their mistake, my school informed them of their mistake, as well as my attorney, and they still refused to change it. Unfortunately, due to the graduated status erroneously reported by my lender I was denied for every single student loan that I applied for.

I know that I am not the only student the Great Lakes Higher Education has done this to. Even more appalling is the Department of Education gave this guaranty agency a pass on such deplorable actions that violate the agreement they made to both the Department of Ed. and the Clearinghouse. More importantly it is carelessness like this that has put the economy in the current state that it is in.

Their negligence has ruined my credit, my future, and caused immense financial harm, and distress to both myself and my family. I have documentation that I would be more than happy to share if it means that no other student has to experience what I have experienced.

]]> By: Loans Mortgages http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-1433 Loans Mortgages Thu, 14 Aug 2008 11:21:32 +0000 http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-1433 Hey, This "student loan scandals" stories should draw light on the real issues which everyone is ignoring -- government intervention is inflating the cost of education in America. Hey, This “student loan scandals” stories should draw light on the real issues which everyone is ignoring — government intervention is inflating the cost of education in America.

]]> By: Poor Credit Student Loans http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-1413 Poor Credit Student Loans Tue, 12 Aug 2008 05:42:16 +0000 http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-1413 No matter what laws are passed that try and solve problems that arise from large quantities of student loans, people need to take responsibility for their actions. Students who get loans need to act as if they have to pay it back within a short amount of time to force them to work and be frugal so as not to find themselves in as big a hole after graduation. No matter what laws are passed that try and solve problems that arise from large quantities of student loans, people need to take responsibility for their actions. Students who get loans need to act as if they have to pay it back within a short amount of time to force them to work and be frugal so as not to find themselves in as big a hole after graduation.

]]> By: ThinkMoney http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-1192 ThinkMoney Thu, 24 Jul 2008 16:11:07 +0000 http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-1192 Great article, thanks. Will link to it from my blog! Cheers Great article, thanks. Will link to it from my blog!
Cheers

]]> By: Free College » Obama, Clinton, and McCain on Higher Education http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-362 Free College » Obama, Clinton, and McCain on Higher Education Mon, 10 Mar 2008 13:29:55 +0000 http://freecollegeblog.com/2008/01/22/student-loan-scandal-and-the-rise-of-tuition/#comment-362 [...] costs can be attributed at least partially to the current federal subsidy & manipulation of student loans through the Higher Education Act.  As long as subsidized loans out-perform market averages in [...] [...] costs can be attributed at least partially to the current federal subsidy & manipulation of student loans through the Higher Education Act.  As long as subsidized loans out-perform market averages in [...]

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