Just as we thought....

....the coverage of Andrew Cuomo's grand appearance on Capital Hill delivered no earth shattering suggestions regarding a fix to the Dept of Education's oversight of the FFEL program.

He did employ some flowery language to describe the situation as he sees it. You can read some summaries at the esteemed publications of the Washington Post and the New York Times. Note that the Post piece is written by Amit Paley, he's the guy who wrote the original "Sunday article" that started the whole NSLDS shutdown fiasco (which by the way, is still underway at this writing). Amit seems to have no shame in reporting on an issue and not allowing the opposite side having an opportunity to describe their perspective. We're shocked to see this quality of journalism representing the Washington Post! [Note: here at CollegeLoanSearch, we're not fair and balanced either, but we don't profess to be journalists ...we just vent our spleens everyday.]

But we'll put forth our predictions here. We're not shy. We kinda like all this attention the preferred lender list is getting. Of all the reforms proposed out there, this one is fairly benign. Some lenders will be affected more than others. Some financial aid offices will have some significant changes to adapt to. But in the end, yeah, student borrowers will be better served. So, if any legislation is gonna get proposed, straightening up the preferred lender list is most preferred. See, the esteemed delagates in Washington will probably only have one chance at getting education finance stuff through this year. And they sort of have to address preferred lender lists given all the attention that the Education Committee's have thrown on the issue. With all the other distractions going on this year, we think there's only one chance to focus on ed finance. Time will tell...but that's our take on the matter today.