Dept of Ed Loan Servicers Suck - Argosy U Swirling Toilet - Car Loans Go Bad

This week Damon Day and I produce another low rent show, this
time about the recent information out from the Department of
Education Inspector General.  The report released found the
Department of Education was doing a poor job keep federal student
loan servicers in line. The report stated, "By not holding
servicers accountable for instances of noncompliance with Federal
loan servicing requirements, FSA did not provide servicers with
an incentive to take actions to mitigate the risk of continued
servicer noncompliance that could harm students." Shocker?


We then ramble into a conversation about the problems students at
Argosy University are facing trying to figure out where their
financial aid money is or went.


Finally we have a little chat about how the news of car loans
defaulting isn't exactly what everyone thinks. Default rates are
up, but not for everyone.


Do you have a question you'd like for us to answer? Leave your
question on voicemail by calling 919-391-7976.