User 135308

First Marblehead: Mea Culpa

"There is no evidence of looser underwriting standards in the student loan market..."

Those Astrive and Monticello ads on TV look an awful lot like teaser loans for mortgages. "Hey, deferred repayment! Get a loan! Buy a new laptop! Don't worry about making any payments until after college! Yes, live for the moment!"

This looks fairly insane to me considering the absurd laxity in lending standards this country has experienced over the last couple of years.