"This just continues the well-established tradition of welfare for the student loan industry," said Barmak Nassirian, an expert in student lending.
"The goal when you're making tong po is to get the fat really custardy," said Ed Schoenfeld, a restaurant consultant and expert student of Chinese cooking.
This week, two New York Times reporters and Geoffry Walsh, an expert on student debt and bankruptcy at the National Consumer Law Center, are answering questions about ways to avoid default, pay off student loans or try to expunge student loans through bankruptcy court.
Two New York Times reporters and Geoffry Walsh, an expert on student debt and bankruptcy at the National Consumer Law Center, are available to answer questions about ways to avoid default, pay off student loans or try to expunge student loans through bankruptcy court.
"With admissions, the colleges say they are practicing holistic review," said Donald E. Heller, an associate professor of education at Pennsylvania State University and an expert in student financial aid.
Michael S. McPherson, president of Macalester College in St . Pauland an expert on student debt, said he was concerned about the effects on low-income families.
LendEDU chief executive Nate Matherson confirmed to The Washington Post that Cloud was a fictitious character his company created and promoted as an expert on student loans.
She's a fellow at the left-leaning Roosevelt Institute, an expert on student loans, and a former senior policy advisor to Elizabeth Warren.
Maura Dundon, senior policy counsel at the Center for Responsible Lending and an expert on student loans, said the numerous failings identified by the CFPB surprised even her.
The result was massive waste in the form of government subsidies to guarantee repayment or reimburse private companies when graduates deferred payment due to financial hardship, says Mitchell Weiss, a frequent Credit.com contributor and an expert on student loans.
