Utica Community Schools, Michigan County of Macomb, $75 million of 2004 school building and site bonds for the Michigan School loan fund program.
This initiative, however, is no substitute for more federal and state support of legal aid for the poor, or for other moves, like expanding law school loan-forgiveness programs to help graduates who work in legal services offices.
In addition, it would expand on the president's proposal by also requiring servicers to share loan default risk, preventing large job losses and eliminating the implementation risk of forcing 75percentt of schools to shift student loan programs.
The Department of Education publishes the cohort default rate to penalize poorly performing schools by restricting access to federal loan programs, not to lend a helping hand to private student lenders in their underwriting and pricing decisions.
"Let's throw a little money at the problem to salvage some programs, increase tutoring, pay teachers a bit more, introduce motivational programs to keep kids in school, improve teacher training, encourage more parent involvement, expand student loan programs".
Six of the 12 schools had default rates above 25% for two consecutive years and were about to lose eligibility for loan programs.
The law school's current policy "is to participate fully in the university's process for evaluation and approval of loans and loan programs," he said.
For deep pockets, however, nothing compares with law schools' loan repayment assistance programs, known as L.R.A.P.'s (equaljusticeworks. org).
The Small Business Administration has new alternative loan programs.
Compare the costs of loan programs.
