What's been the damage?

We're all aware of the recent "indictment by press release" activity that the student loan industry has been put through recently. Be we got to thinking: what's the quantifiable damage done to the student borrowers?

We think this is an important question. If we could quantify the dollar damages, our benevolent elected officials can better assess the proper response, instead of lunging headlong to fix a problem that may never have really existed. We may find that that there are no damages!?! Perhaps the student borrowers actually benefitted from the recent highlight on preferred lender lists. But surely everyone would agree that by putting the problem in the proper context is the first order of business.

Now, we're sure Andrew Cuomo has calculated the damages, or some proxy thereof ! We would love to see what Cuomo has