Examining The Big Bucks In The Student Loan Industry

The student loan industry could be in for more jolts. Policy makers and regulators say that there are dangerous parallels between the private student loan and subprime mortgage markets. In both, there have been phenomenal profits, aggressive marketing and, until the recent credit market turmoil, a healthy appetite from Wall Street investors. This article profiles a company called First Marblehead, that made vast amounts of money marketing loans to college students. Read more at:
http://www.nytimes.com/2007/09/02/business/02jabba.html?th&emc=th