May 03, 2007
Lawschoolloans Newswire on Barton Fraud, Crdeit Understanding, HEA & PHEAA
Law School Loans

Thursday, May 3 , 2007
Senator Kennedy Questions Collection Tactics
By Brooke Heath Print this Page
Stack of Dollar

Last week, Senator Edward Kennedy (D-MA) announced that he had sent letters to the CEOs of Sallie Mae and Nelnet regarding the tactics they use in their collection processes. Senator Kennedy, who is also Chairman of the United States Senate Health, Education, Labor, and Pensions Committee, said that many of the tactics used by the companies in question are prohibited by federal law and regulations.

According to the Washington Business Journal, Kennedy says his office has acquired information suggesting that Sallie Mae may have implemented the following tactics in its collection process:
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Arizona Supreme Court Will Rule on Case Against Tuition Increases
By Brooke Heath

Last week, the Arizona Supreme Court agreed to hear a case filed by former University of Arizona students who claim that tuition increases for in-state students are unconstitutional. The lawsuit against the Arizona Board of Regents was initiated after a $1,000 tuition raise in 2003 increased in-state tuition by nearly 40%.

The former students claim that this tuition increase was in direct violation of the state's constitutional mandate, which states that "university and all other state educational institutions shall be as nearly free as possible," according to the Arizona Daily Wildcat.
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Online Rants, Raves, and Resumes: The Digital Dirt Law Students Leave Behind

By Gina F. Rubel, Esq.

Online Rants, Raves, and Resumes: The Digital Dirt Law Students Leave Behind

Could your MySpace profile keep you from getting a job?
Every few months, I'm asked to speak at a law school regarding job placements for soon-to-be attorneys. My opening question remains the same: "How many of you have a MySpace, Facebook, or Friendster profile?" As more than half of the students begin to raise their hands, I say, "My question is rhetorical; I really don't want to know!"

I tell them that if they, like many of today's well-educated Gen Y'ers, have online social profiles, personal digital pages, or blogs, they need to start analyzing the digital dirt they're leaving behind.
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Consolidating Debt
Become Debt Free in Five Years
The Benefits of Federal Loan Consolidation
Planning for Successful Repayment
LSL—Applications Without Aggravation
Cuomo testifies regarding investigations, criticizes Department of Education

Testifying regarding his investigations into the student lending industry, New York Attorney General Andrew Cuomo spoke before the United States House of Representatives' Committee on Education and Labor. Cuomo criticized the Department of Education for taking a lackluster stance on issues relating to the student lending industry. He said that dishonest lending practices have persisted over the years in part "because the U.S. Department of Education has been asleep at the switch." Cuomo also hinted at possible criminal charges against financial aid administrators involved in "kickback schemes."
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Spellings forms task force to examine lender issues

Formed by U.S. Secretary of Education Margaret Spellings, a federal task force will examine student lending issues. The task force will look into matters such as the provision of kickbacks to schools for including lenders' names on preferred lender lists. It will also focus on prohibited inducements and the National Student Loan Data System (NSLDS), which has allegedly been mined by lenders for student information. The internal task force includes officials from the Department of Education's Office of Postsecondary Education and Office of the General Counsel, as well as Federal Student Aid.
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