Submitted by Anonymous7 (not verified) on September 28, 2008 - 9:23am.
Didn't Mr. Fontana leave this month?
And Anon 3 is incorrect. Upfront benefits are a myth, unless you have some data there. Maybe a few schools were able to negotiate these with individual lenders. It is not legitimate even if true; this is a national loan program -- and a social program at that. If not, why not go all the way and reflect the real costs: 5% legislated interest rate for Ivy U, and 15% for Bob's school of beauty? If you want each school to negotiate deals with 1000 different lenders, then just get the government out of the picture entirely, because it is then not a standardized national program that high school students and parents can depend ahead of time when planning out their higher education years.
golden parachute?
Didn't Mr. Fontana leave this month?
And Anon 3 is incorrect. Upfront benefits are a myth, unless you have some data there. Maybe a few schools were able to negotiate these with individual lenders. It is not legitimate even if true; this is a national loan program -- and a social program at that. If not, why not go all the way and reflect the real costs: 5% legislated interest rate for Ivy U, and 15% for Bob's school of beauty? If you want each school to negotiate deals with 1000 different lenders, then just get the government out of the picture entirely, because it is then not a standardized national program that high school students and parents can depend ahead of time when planning out their higher education years.