Relevant and even prescient commentary on news, politics and the economy.

Republicans Can Seize a Political Opportunity by Backing Student Loan Reform

Allan Collinge is the founder of the Student Loan Justice Organization a grassroots citizen’s organization dedicated to returning standard consumer protections to student loans. The group was started in March of 2005 and has focused primarily on research, media outreach, and grassroots lobbying initiatives. located in Washington DC. From time to time Angry Bear has […]

UVA Slushfund just the tip of the Iceberg

In July, the former Rector at the University of Virginia, Helen Dragas, accused the school of having created a $2.3 Billion “slush fund” during a period when the university had raised tuition on students by 74%, and cut grant aid to poor students. While this is an astounding story in itself, the fact of the […]

US Federal Marshals Picking Up Student Loan Defaulters . . .

Alan Collinge of the Student Loan Justice Org sent me an email yesterday. Bad Stuff from Texas . . . Hey Bill! This is a scary story. They are arresting people en masse in Texas over student loan debt. I got on the Thom Hartmann show to talk about it: https://youtu.be/a1OBJGs2PeE There’s no direct tie-in […]

For Profit College, Student Loan Default, and the Economic Impact of Student Loans

For Profit Goes on Probation The University of Phoenix has been placed on probation by the Department of Defense preventing the university from recruiting on military bases. The probation comes after the Federal Trade Commission and the California Attorney General’s investigation into the University of Phoenix recruiting methods, its high costs, and the resulting poor […]

Alan Collinge of Student Loan Justice on CAP’s Current Efforts to Revamp Student Loans

It has been a while since I had last talked to Alan. I knew at the time he was at issue with a stance the Center for American Progress was taking on Student Loans which surprising are supported by some of our more popular consumer advocates. Kind of makes sense as we now see the […]

Rolling Jubilee: A Wolf in Sheep’s Clothing?

authored by Alan Collinge of the Student Loan Justice Organization, a grass roots group seeking the swift return of standard bankruptcy protections and other consumer protections to all student loans in the U.S. “We started by going after Sallie Mae debt because Sallie Mae is for my generation sort of the Voldemort, this cosmic level […]

Alan Collinge (Student Loan Justice Org.) briefly points out some of the Issues with the Brookings Institution Study as Written by Beth Akers and Matt Chingos

There are what I perceived as problems with the Brookings Study. Just one example: they base much of their analyses upon “lifetime earnings associated with earning a bachelor’s degree”. The average lifetimes earnings of degree holders is certainly skewed significantly upwards by the top 10% of earners (who account for over 40% of all earnings, […]

Student Debt is Challenging the Reason for Getting that Long Sought After College Degree

What has changed for many of the college educated is finding themselves in debt longer than their parents were after college, being penalized for having student debt when going to buy homes, cars, etc., and in the end having less wealth and a lower salary when compared to those without a college education. One reader’s […]

Ripping Off College Students’ Economic Future

Previously, I had written on Fair Market Value and its use by the CBO’s Douglas Elmendorf to rate the risk of Student Loans as advocated by both The New America Foundation and the Heritage Foundation. A rebuttal answer to a partisan CBO, the right-leaning New America Foundation, and the conservative Heritage Foundation on the usage […]

Fair Market Valuation; CBO, Student Loans, Food Stamps, Etc.

Earlier in 2013, CBO’s Douglas Elmendorf’s forecasted return on Student Loan’s resulting in a positive return for the Government. Later Elmendorf reversed the forecast claiming student loans would cost the government and the taxpayers by generating a negative return. Using one cost model (FCRA) to estimate the return, the government will make $184 billion on […]