Keep Student Loans Local Website

[hemla]

FFELP is not corrupt. Out of the 100 institutions under investigation, I believe 9 were dishonest. Nine out of over 4,000 colleges and universities nationwide. There were NONE in Utah. In fact, Most were in the Eastern United States. Cuomo was on a witch hunt and found 9 dishonest schools. You really believe that the Direct Loan program provides better service to borrowers? Would the USPS offer everything it does if FedEx and UPS weren't around? Maybe the same might go for student loans? hmmm.

[studentloanreform]

Get rid of the FFELP - it is corrupt. Don't believe the propaganda by the MIddle Men. Their personal interests are taking priority over students and graduates.

In 2008, more than 100 Universities were under investigation for more than 90% of their FFELP loans going to one provider. The notion of :market: competition is ridiculous - student loan companies incentive or induce schools for preferred lender status resulting in nearly all loans at any one school going to one provider.

[uheaa]

@studentloanreform, thank you for your candor and perspective. It is truly unfortunate that the actions of a small minority gave the FFEL program a black eye - as the cliché goes, "one bad apple can ruin the whole bushel."

Thank you for taking the time to help clear up the common misconception that all FFEL participants are part of a larger scandal or operate based on self-interest - nothing could be further from the truth.