Submitted by Jason Paskowitz (not verified) on June 20, 2008 - 8:00pm.
In light of Albert L. Lord's personal $30 million golf course, and the $300 million "consolation prize" awarded to Nelnet, why is anyone surprised by this? By allowing student debt merchants of all stripes to collect billions of dollars in "collection costs" on delinquent and defaulted student loans demonstrates official education policy with a "cavalier attitude" of its own.
Are they any worse than the "legitimate" lenders?
In light of Albert L. Lord's personal $30 million golf course, and the $300 million "consolation prize" awarded to Nelnet, why is anyone surprised by this? By allowing student debt merchants of all stripes to collect billions of dollars in "collection costs" on delinquent and defaulted student loans demonstrates official education policy with a "cavalier attitude" of its own.