Submitted by DL Realist (not verified) on November 14, 2008 - 9:09pm.
Dear Alex, Your strong prejudice for FFELP is quite obvious. Unfortunately, your opinionated presumptions are off the mark.
If you had been monitoring the national financial aid administrators list-serve, finaid-l, you would have read first-hand feedback from schools who left FFELP this year for DL because of the lack of security in the FFELP industry. These aid administators who posted to the list say that the DL transition was handled very well by the Department and that the service has been at least equal to or exceeding that in FFELP.
I would dare say that if a FFELP lender's volume doubled over a six month period, its service would suffer. It is a credit to the Department and its servicer that schools and students still receive the excellent service that more seasoned DL schools have come to expect. That's #3. And it isn't the Department that blacklists schools because their volume isn't high enough. Is THAT service?
Birdbrain, or was that Alex?
Dear Alex, Your strong prejudice for FFELP is quite obvious. Unfortunately, your opinionated presumptions are off the mark.
If you had been monitoring the national financial aid administrators list-serve, finaid-l, you would have read first-hand feedback from schools who left FFELP this year for DL because of the lack of security in the FFELP industry. These aid administators who posted to the list say that the DL transition was handled very well by the Department and that the service has been at least equal to or exceeding that in FFELP.
I would dare say that if a FFELP lender's volume doubled over a six month period, its service would suffer. It is a credit to the Department and its servicer that schools and students still receive the excellent service that more seasoned DL schools have come to expect. That's #3. And it isn't the Department that blacklists schools because their volume isn't high enough. Is THAT service?