Dear Readers,
I will keep this post short and sweet. Go out and buy or borrow The Student Loan Scam: The Most Oppressive Debt in U.S. History - and How We Can Fight Back by Alan Collinge.
This book confirmed the reality of just how perverse and pervasive corruption has become in every aspect of the student loan industry - including the federal government.
Right there on page 12 was the confirmation that the collection agency that the U.S. Department of Education turned my loans over to, PIONEER CREDIT RECOVERY, was and is, in fact, a front for Sallie Mae and all its sick fraudulent games. If you recall, it was PIONEER that wouldn't let my loans out of default (full story here) until the Office of the Ombudsman intervened (contact them here if you need help).
So, please read this book. If you happen to know anyone about to go to college then recommend this book. I wouldn't let anyone in my family go until they read this book, nor should you!
READ IT! I can't say that enough.
Wednesday, January 6, 2010
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