60 Minutes last evening had a devestating report on the biggest college lending company, Sallie May. Seems they make money when loans plus interest returned; if defaulted, the govt pays tab; and additionally they own the collection agencies going after--relentlessly--those in default. Any suggestions for a superior or decent outfit from which to borrow college money for my son, who goes off to college in the Fall.
posted by Postroad on May 8, 2006 - 15 answers