Here’s an interesting fact. 80% of American universities have chosen to work with the FFELP. Politicians would have you believe school administrators prefer to work directly with lenders so they can take advantage of personal gifts and perks. Yes indeed, I have often looked at school administrators with envy at their jet setter, devil-may-care lifestyles!

Here’s the truth – administrators prefer working with lenders because lenders meet the needs of the students. Everything else is secondary. Students are the customers and at the end of the day, an unhappy customer isn’t good for anyone. There was a time when colleges didn’t need to compete for students. Those days are long gone! In order to stay competitive, colleges have taken a business paradigm and applied it to education. Students are customers and alumni are stock holders. In this scenario, a happy student becomes a donating alumnus.

The same is true of the much maligned lenders. A student loan is just the precursor to a consolidation loan which could be the stepping stone to a home loan.

On the other hand, the FDLP is just another faceless, soulless, bureaucratic government program. The only return customers FDLP reps are thinking about, if they think, are the Congressmen who approve the funding. If the numbers look good on paper, the FDLP will get funded. If colleges are forced to use the FDLP, those numbers will improve - regardless to the cost of students. That means more tax dollars for their program.

Whatever the motivation, the sponsors of this epidemic of bad legislation expect you to believe that 80% of American universities are wrong. That’s just another of example of their bad assumptions. Maybe so many colleges choose to work with lenders over the government because they can’t afford leaving their business in the hands of a group that embraces assumptions over customers.

We are opposed to the proposed student loan legislation and middle-class families should be too! The government is taking money out of YOUR POCKET.

It only takes one minute to make a difference: call your senators, send your senators an e-mail, download a letter to fax to your senators, become part of our petition and help your friends find out the truth about the proposed student loan legislation.