Thursday 21 January 2010

skimming with sharks


Overshadowed by the super-loss of their super-majority and other kinks in the process of cauterizing state-run health-care, there was a second news item (the story is no longer available) concerning nationalization of the multi-billion dollar student loan industry.  SallieMae was always a strange sort of quasi-governmental agency with a weird and shadowy sort of authority and potential to do its worse.  I wonder what it means for my Diploma Mill University, which was just re-accredited by the association of reputable accreitors, thank you very much--which I am sure were reliant on a lot of free and easy federally subsidized monies that seemed to be granted like wishes, or for those loan agencies that operated under the same federal umbrella.  I am not sure what this news could mean.