First Marblehead, a student loan packager and originator, is setting aside $125 million to account for losses on its $7 billion portfolio. This is only the beginning. [Boston Business Journal]
In five years, the average law school tuition will be $46,000. And that’s only if tuition increases at a linear rate. [Law School Tuition Bubble]
Sen. Durbin warns colleges that they’re wasting billions of dollars and failing students. If only school had an unlimited trough from which to pull funds… [Chronicle of Higher Education]
Is Citi’s brand now inextricably linked to student loans? [EduBubble]
The secret is out about law school: not only is it a terrible place to get an education, but it’s a ripoff too. [Pope Center]
- Pwn (v.) Slang term derived from the verb own, as meaning to appropriate or to conquer to gain ownership. The term implies domination or humiliation of a rival.