As we heard yesterday, guarantee agencies in federal student loan program were restored NSLDS access, reported by the Washington Post today.
It looks like lenders and others will regain access today or tomorrow. It's hard to tell from the article. We're somewhat dissapointed by the communication from the Department of Education regarding the NSLDS shutdown.
CNN is reporting today that some lawmakers want the FTC to investigate marketing tactics used by lenders in the industry. We kinda like this suggestion. It at least acknowledges that the Department of Education does not own oversight of the entire program, and the Department of Ed is not qualified to regulate/police all aspects of the program.
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