Wednesday, August 09, 2006

MSNBC Covers MyRichUncle

What's striking to me about this story is that basic facts about the student loan program are being covered as news--that students have a choice of lenders, for example, or that lenders are insured by guarantee agencies and in turn by the federal government.
People don't understand this stuff, because it's demonically complicated, and that may be the biggest way that students suffer.

2 comments:

caroline said...

An interesting article. In my experiences at a private university, there is little to no guidance for students shopping for loans--just a laundry list of lenders who ultimately offer some of the highest rates around.

Anonymous said...

Its a good thing that MyRichUncle is focusing on that. We should really thank Raza Khan, President and Vishal Garg, CFO of the company. They are on the cutting edge.