JP Morgan Chase has often been heralded as the savior of the FFELP program. With Dept of Ed officials and Congressman trumpeting their sticking ability in the marketplace.
Hmmm. Chase apparently crunched some numbers and discovered why they're one of the few left: cuz it doesn't make sense to make FFELP loans.
We hate to tell every "we told you so", but we're too busy preparing for our big "We Told You So" party.
So let's recap once more: 2 more FFELP participants folded their tents, a third is scaling back (and we think will close up shop all together very shortly....get ready for another "we told you so).
Yep, we've got some answers. That's right, if our ideas were implemented, we would save the whole student loan program. It's been a while since we've ranted about our ideas. Might be a good time to bring out our brilliance. We'll do that tomorrow.
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