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Fitch Gives 12 National Collegiate Student Loan Trust Transactions ‘Outlook Negative’ Ratings!
Published on 2011-05-15 23:09:41
As you may or may not know National Collegiate Student Loans is American Education Services which is of course the Pennsylvania Higher Education Assistance Agency (PHEAA). All of the National Collegiate Trusts listed below can be found HERE PHEAAR > read more
A How-To Instruction Manual For the ‘Ambitious’ For-Profit College
Published on 2011-05-12 13:22:22
Here is a Profile of the Sociopath that can be found in its entirety at the link. A more in depth discussion and list of symptoms can be found at Sociopath World I highly recommend checking it out (alongside for-profit … Continue reading U > read more
For Those Of You Who Still Have Doubts About the Student Loan Industry’s TRUE Motives
Published on 2011-05-12 01:01:01
The list below is courtesy of and can be found @ ForProfitEDU . ForProfitEDU is a HIGHLY informative website with invaluable information! I strongly recommend you check it out when you have a chance! Top Financial Players in EDU With … Co > read more
STUDENT LOAN FRAUD ALERT: Fitch Downgrades and Withdraws Ratings on Education Loans Inc., Indenture Trusts
Published on 2011-05-10 22:02:42
FYI Education Loans Inc. is ClassNotes Inc. it is also Wachovia Education Finance and they are all now Wells Fargo Education. For those students currently serving a debt life sentence at the WACHOVIA or WELLS FARGO STUDENT LOAN DEBT PRISON … Co > read more
UPDATED The List Keeps Growing:The Student Loan Industry’s DIRTY Secret
Published on 2011-05-10 02:00:29
A special purpose entity (SPE; or, especially in Europe, special purpose vehicle/SPV, in Ireland – FVC financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill > read more
UBS Settlement Marks Widening Criminal Investigation Into Municipal Bonds
Published on 2011-05-07 00:00:49
BLOOMBERG-By William Selway and Martin Z. Braun – May 6, 2011 11:31 AM ET A UBS AG (UBSN) banker wanted to win an investment deal with a Rhode Island municipality that was to be awarded to the highest bidder. Instead … Continue reading > read more
STUDENT LOANS
Published on 2011-05-04 01:45:05
UNITED WE STAND, DIVIDED WE FALL! In protest of the nearly $1 trillion dollar student loan debt bubble and your ASTRONOMICAL student loan debt that’s growing bigger by the day!Apply for an UNAUTHORIZED SIGNATURE / UNAUTHORIZED PAYMENT false certifi > read more
STUDENT LOAN DEBT PROTEST!
Published on 2011-05-01 01:57:03
UNITED WE STAND, DIVIDED WE FALL! In protest of the nearly $1 trillion dollar student loan debt bubble and your ASTRONOMICAL student loan debt that’s growing bigger by the day!Apply for an UNAUTHORIZED SIGNATURE / UNAUTHORIZED PAYMENT false certifi > read more
Fitch Rates SLC Student Loan Trust: The Student Loan Bubble is Beginning to LEAK!
Published on 2011-04-29 11:26:00
FYI an OUTLOOK NEGATIVE RATING USUALLY MEANS THEY DISCOVERED FRAUDULENT LOANS IN THE TRUST April 28, 2011 02:47 PM Eastern Daylight Time Fitch Affirms Ratings on SLC Private Student Loan Trust 2006-A NEW YORK–(BUSINESS WIRE)–Fitch Rati > read more
The Student Loan Industry’s DIRTY Secret
Published on 2011-04-29 01:15:29
A special purpose entity (SPE; or, especially in Europe, special purpose vehicle/SPV, in Ireland – FVC financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill > read more
Student Securities! You and Your Student Loans Belongs to an Investor!
Published on 2011-04-28 23:11:55
MUST READ Article @ N+1: Bad Education that fully explains Student Loan Asset Backed Securities; why you’re loan balance is growing every month despite your payments and; why lenders prefer delinquent borrowers and borrowers who default over > read more
STUDENT LOAN DEBT PROTEST!
Published on 2011-04-28 22:40:20
UNITED WE STAND, DIVIDED WE FALL! In protest of the nearly $1 trillion dollar student loan debt bubble and your ASTRONOMICAL student loan debt that’s growing bigger by the day!Apply for an UNAUTHORIZED SIGNATURE / UNAUTHORIZED PAYMENT false certifi > read more
Great Post At All Education Matters: “People Who Directly Benefit From Indentured Educated Citizens: Mr. Jonathan Clark and Mr. John F. (Jack) Remondi”
Published on 2011-04-25 21:25:38
Monday, April 25, 2011 By Cryn Johnson @ All Education Matters Who are these folks? (a) Mr. Jonathan Clark is the Executive Vice President and CFO for Sallie Mae. He certainly learned a lot about the ethics behind usury at Ha-vad, … Continue r > read more
Student Loans And For-Profit Colleges: “They’re Worse Than You Think” – OpEd
Published on 2011-04-21 00:10:36
Written by: Mike Whitney Student loans are a big business. In fact, student debt now exceeds $895 billion which is more than the total Americans owe on their credit cards. And, most of these loans are underwritten by the US … Continue reading & > read more
Admissions Rep Sues Pennsylvania Trade School
Published on 2011-04-20 23:58:05
Pennco Tech admitted every student who applied, suit charges 04/19/2011 | Truman Lewis | ConsumerAffairs.com An admissions rep at Pennco Tech, a trade school in Bristol, Pa., claims the school fired him for refusing to participate in a rack > read more
New Report Attempts to Bring Transparency to For-Profit Colleges
Published on 2011-04-20 23:40:32
Posted by Kay Steiger-April 20th, 2011 Youth Today, a trade publication for youth service professionals, released an intensive report on for-profit colleges that attempts to do something that for-profit colleges sometimes don’t always do a great jo > read more
Report: For-profit colleges ‘defraud’ students
Published on 2011-04-20 22:50:20
By Ben Wolfgang -The Washington Times For-profit colleges, already the target of Senate Democrats, took another beating in a report released Wednesday by an education trade publication that says such institutions “defraud” young people. Youth Tod > read more
Students: You Are Exploited Debt-Serfs
Published on 2011-04-20 22:35:39
By Charles Hugh Smith on 04/12/2011 – 7:10 am PDT — Investing & Markets Students and parents, wake up: your only salvation lies in political engagement and action. Of all the exploitative systems in the U.S., none is more rapacious … > read more
The Root Cause of Your Student Loan Miseries….The 9.5 Percent Special Allowance Payment Subsidy
Published on 2011-04-09 22:28:01
Intended to Cut Lender Subsidies, It Created a Windfall In the guaranteed student loan program, lenders receive interest payments from both students and the government. Under the 1980 law, the government payments (known as “special allowance paymen > read more
Enriching a Few at the Expense of Many
Published on 2011-04-09 20:24:15
Hmmmm…this article makes me think of the executives at the student loan companies….like Sallie Mae’s CEO. By GRETCHEN MORGENSON Published: April 9, 2011 SOME people say it doesn’t really matter how much companies pay their executi > read more
Interlude-I Guess Crime Really Does Pay! Sallie Mae Albert Lord Made $$5.45 million in 2010
Published on 2011-04-09 15:19:00
By Melissa Korn Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–SLM Corp. (SLM) Vice Chairman and Chief Executive Albert Lord received a 2010 compensation package valued at $5.45 million, nearly flat with the prior year. Lord was paid a base … > read more
The Beginning of the End…Meet the Tax-Exempt Student Loan Bond
Published on 2011-04-09 00:27:33
As part of the effort in the 1970s to ensure that loans would be available for all eligible students, provisions were included in the Tax Reform Act of 1976 to encourage states to issue tax-exempt student loan bonds. In the … Continue reading & > read more
Brief Interlude
Published on 2011-04-08 23:23:42
I know the first two posts were pretty long and full of facts but I ask that you bear with me. In order to understand today’s massive ongoing fraud by the student loan lenders and the crippling debt it is … Continue reading → > read more