2008 Woodie Awards
Letters to the Editor
Issue date: 4/25/07Section: Editorials and Opinion
To the Editor: Re: "Lenders: SJU to pay
over $80K"
First off, I would like to thank Everton Bailey's article regarding reimbursements to student borrowers of loans. I am a freshman at St. John's and I've had to take out a few
loans, so the news of possibly getting some money back is very pleasing. I am although
astonished at finding out the total of $80,553, which St. John's is supposed to fully reimburse the students with. Apparently, this amount of money has been accumulating
over the course of three years and the university has used this revenue to pay "administrative costs in the financial aid office".
Attorney General Andrew Cuomo, who launched an investigation-examining student
lending, discovered that private lenders were making "arrangements with colleges across
the country to gain a spot on their preferred lenders list in exchange for perks and profit."
Shock. That's all I could feel as I was reading this. It seems that the Education Finance
Partners (EFP) is at the center of the controversy and it also so happens that they are one
of the three preferred lenders by St. John's. This definitely intrigues me, why? Because I
happen to have taken out loans through the EFP! I honestly feel somewhat betrayed by
the financial aid of St. John's. I have laid my trust solely in the belief that St. John's uses all of their proceeds for the benefit of the students (not for personal gain, which range from joy vacations to other gifts of the sort). Well, I guess you can say that my feelings of shock will end in feelings of pure excitement, that is, when I receive my lovely reimbursement check in the mail. Hmm, with the summer coming up I think ill
go out and get me some new expensive shoes…
Ilene Arce
Freshman
St. John's College
To the Editor: Re: "How to Pamper Your
Pooch"
What happened to the good old days where dogs were playful animals who loved
the outdoors. Is it really necessary to have doggie day cares, doggie hotels, and doggie
over $80K"
First off, I would like to thank Everton Bailey's article regarding reimbursements to student borrowers of loans. I am a freshman at St. John's and I've had to take out a few
loans, so the news of possibly getting some money back is very pleasing. I am although
astonished at finding out the total of $80,553, which St. John's is supposed to fully reimburse the students with. Apparently, this amount of money has been accumulating
over the course of three years and the university has used this revenue to pay "administrative costs in the financial aid office".
Attorney General Andrew Cuomo, who launched an investigation-examining student
lending, discovered that private lenders were making "arrangements with colleges across
the country to gain a spot on their preferred lenders list in exchange for perks and profit."
Shock. That's all I could feel as I was reading this. It seems that the Education Finance
Partners (EFP) is at the center of the controversy and it also so happens that they are one
of the three preferred lenders by St. John's. This definitely intrigues me, why? Because I
happen to have taken out loans through the EFP! I honestly feel somewhat betrayed by
the financial aid of St. John's. I have laid my trust solely in the belief that St. John's uses all of their proceeds for the benefit of the students (not for personal gain, which range from joy vacations to other gifts of the sort). Well, I guess you can say that my feelings of shock will end in feelings of pure excitement, that is, when I receive my lovely reimbursement check in the mail. Hmm, with the summer coming up I think ill
go out and get me some new expensive shoes…
Ilene Arce
Freshman
St. John's College
To the Editor: Re: "How to Pamper Your
Pooch"
What happened to the good old days where dogs were playful animals who loved
the outdoors. Is it really necessary to have doggie day cares, doggie hotels, and doggie
Viewing Comments 1 - 1 of 1
Darren Staley
posted 6/22/07 @ 6:23 AM NA
I will admit that I know little about the student loan "scandal" that has received so much attention recently, but what I do know is this: without easy access to student loans (and other financial aid), there is no way I could afford to attend St. (Continued…)
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