Tuesday, July 12, 2011

Nelnet News

Nelnet has purchased $1.9 billion in FFELP loans from an affiliate of Greystone Co Inc. This means their portfolio will increase to $25 billion.

So, even though the administration got rid of the 'middle men' who operated FFELP, that money is still out there. Moreover, these companies attract investors with the amount of student debt they have on their books. That is why they do not want the indentured educated class to pay off their loans. There is money to be made off of indentured bonds.

Nelnet has now moved into the resume writing biz, too. How perfect is that? They've created indentured educated citizens who face a brutal, broken job market. So there they are, to help out people and 'improve' their resumes!

Related Links

"Nelnet Reaffirmed At Neutral," Daily Markets (July 12, 2011)

"Money Making Schemes: FFELP Loans, the Market, Sallie Mae, and Nelnet," AEM (July 4, 2011)

"Online Corporate Whore News Report: Nelnet's In The Resume Writin' Biz," AEM (June 1, 2011)

2 comments:

Dona Furiosa said...

Hmm...Sounds like Haliburton and Blackwater offering counseling to the families of soldiers killed in Iraq and Afghanistan.

You are a treasure, Cryn!

C. Cryn Johannsen said...

Ha! Good comparison, Dona. And thanks! :)