I'm laughing that it's just now hitting the nightly news about the student loan provisions in the health bill.
Well, it's funny to me because we (those of us employed in FA) have seen this coming for a few years now, but I don't think anyone noticed it was happening "out there" however some people are now really pissed!
I've worked with private lenders and I currently work with direct lending. Direct lending isn't new, it was just up to the schools before. I see good things and bad things about both ways, really.
And with the increased loan volume and now even more public scrutiny, you're going to be hearing a lot about default rates (something we address as part of strategy and procedure in our normal work dealings.) I love this job: things are always changing and it's never, ever, boring.
