Making Money from Loans
I am fully aware of how good student loans are. Without them our kids could not have attended college. We have only had good things to say about Sallie Mae and the private banks and lending companies we have dealt with. Their information is always easy to understand and if we had or have questions, their customer service departments have always been able to help us.
There is a disturbing allegation going around about student loans. The allegation is that colleges are receiving kickbacks from the student loan companies. Officials of colleges are said to hold stock in the parent companies of lenders that they recommend to students. That is definitely a no no. Congress is investigating and if found to be true the college officials may be the cause of some big changes in student loan lending.
