May 17, 2007
Lawschoolloans Newswire on Barton Fraud, Crdeit Understanding, HEA & PHEAA
Law School Loans

Thursday, May 17 , 2007
House Votes in Favor of Student Loan Sunshine Act
By Brooke Heath Print this Page
Stack of Dollar

This week, the House of Representatives voted in favor of the Student Loan Sunshine Act (H.R. 890). In a landslide vote of 414-3, the act was passed in an effort to end dishonest alliances between colleges and student lenders.

According to Higher Education Washington, Inc.'s NewsLine, only Republican Representatives Jeff Flake of Arizona, Ron Paul of Texas, and Lynn Westmoreland of Georgia opposed the act.
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Edwards Announces New Plan to Eliminate FFEL
By Brooke Heath

Recently, U.S. Senator John Edwards (D-NC) publicized his new plan that would require all students to borrow directly from the Department of Education. The prospective presidential candidate hopes to eliminate the Federal Family Education Lending (FFEL) Program in order to make college more affordable for more students.

According to Higher Education Washington, Inc.'s NewsLine, Senator Edwards states that his plan to get rid of federal subsidies for banks that provide student loans would leave almost $6 billion per year that would make college more attainable.
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How to Win Any Argument

By Robert Mayer

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

The way you present your argument depends on whether it is in a pleading, verbally, to a group or one-on-one.
Logic is both truth and fiction. Reality and illusion. Magic and mystery. Logic doesn't exist in the abstract but in the eye of the logician.

Pass the Business Card Test (Because You Must Have a Core Argument).

One day someone may try to present you with the Christopher Columbus Award. The award is no honor. It's given to would-be persuaders who have no idea where they're going; upon arriving, don't know where they are; and, when finishing up, haven't a clue where they've been. To avoid being a Christopher Columbus Award recipient, the next time you seek to get others to think what you think, strive instead to pass the Business Card Test:
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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

NY adopts student loan corruption-reduction legislation

The New York Legislature unanimously approved and adopted the Student Lending Accountability, Transparency, and Enforcement (SLATE) Act of 2007. It was introduced on April 16 by legislative leaders Joseph L. Bruno and Sheldon Silver at the insistence of New York Attorney General Andrew M. Cuomo. The landmark legislation, which is the first of its kind, codifies Cuomo's "College Loan Code of Conduct," which will be used to settle cases involving lenders and institutions. It also halts the practice of colleges receiving gifts from lenders in exchange for directing potential customers to them.
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Education Department loan official resigns

Theresa Shaw, chief operating officer for the Federal Student Aid Office, is calling it quits as the probe into student-lender misconduct intensifies. Shaw has been at the helm since 2002, heading the department that administers federal student aid programs. For some time, she has been drawing flak for the office's alleged lax oversight of the $85 billion student loan industry. Members of Congress and other critics allege that the federal department's officials in charge of overseeing the student loan industry had ties that resulted in conflicts of interest.
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