Here is the letter that will be sent to the Federal Reserve later today with my comments regarding on their proposed rules to increase the transparency of private student loans:
Download Comments_Federal_Reserve_RegulationZ_051009_Final
I recommend that financial aid administrators review this list to determine if there are any issues that they feel strongly enough to comment on. The comment period ends on May 26th. Please note that I had earlier posted on self-certification, which will likely be of interest to this group.
Tim,
If you'd like any support for your letter, I am working on a case against Sallie Mae regarding, among other things, the disclosures made on private student loans. I also work as an advocate for all students.
I'd be happy to lend a hand if you need any additional assistance. You can reach me, Nicole Mayer, at nmayer@jameshoyer.com. Your colleague, Stephen Burd recently interviewed me for a story posted on this site.
Posted by: Nicole | May 11, 2009 at 09:48 PM