Senator Lamar Alexander is Making Things Up

Well what about state/city/university/bank bond buying and selling? see how a school like umdnj uses to bailout medicaid debt and healthcare costs: education building only bond used to pay medicaid debt, fraud charge by medicaid and other UH non educational debt, as well as tuition/fees revenue to pay interest rate of 7.47% and state education funds as locked up collateral in a bank and I doubt interest paid on it http://www.umdnj.edu..._09_BOT_res.pdf see above link essentially University hospital is broke and always in debt to state and others so they use a bond/loan thats for educational buildings only from NJEFA, to wipe non education debt. the state also gets money they are owed. school says its budget cuts reason for 18% tuition hike last year and all others, no mention of this. State gave same budget next year but we will still get a hike, always do The state forgives half their medicaid debt, $46 mill, $9 of which is a charge for fraud. UMDNJ pays the rest from 2013-2028. They get some debt service fund. And the to pay the woping 7.47% on the $260 million dollar bond, for non-educational use, as well as other bonds with they use any revenue, inlcuding tuition/fees, and use our state tution aid at least as collateral and some bank holds all this maybe without paying federally required interest on it. Thats like $12.7 mill a year in interest for just that one bond The lien on the state money is kept in an actual lockbox in a bank, 70% of umdnj bond portfolio have this crazy lien, and state money thats restricted like charity care is held as well till bond interest is paid. This is the only reason that 2009 was first year UH didnt lose 20-30 million that year in at least a decade, I bet the CEO makes their bonus. Same Year they sold bonds, 3 months before annual report, see board meeting 4/28/10 online 2 days beforebonds sold with great news of fiscal turnaround its not the students job to bailout UH and the state through tuition/fees/state subsidy There was an 18% hike in tuition last year, another this year despite no state budget difference, they make $100 mill from tuition alone then fees, $170 mill from state for education, grants, contracts, housing fees, and $30 billion a year of state money goes to UMDNJ as a whole They also buy state/ city government/corporate, the banks that buy their bonds I assume, bonds that return a much worse interest than 7.47%. This allows their consolidated report to yield predictable even bottom lines as well as a public disclosure. With only fixed interest rates being used, they choose the bond amount and period, they never have surprises that would raise an eyebrow about their "investments" Part of this $260 million paid old education bonds, 1999 and 1995, and I bet my eye the rate was better than 7.47%. Further increasing burden to students. They can take another $215 mill per the attached. I have other resources if any gaps missing, see 4/28/10 umdnj board meeting for report of miraculous turn of fiscal events by CEO, bonds went on sale 2 days later. She gets millions for such a fiscal turn around that is just a new loan that students foot the bill for why else they so scared of losing RWJ and school of public health? sources http://www.njefa.com...ty/recent/2009/ http://www.bondsonli...A=view&RID=2977 http://www.theuniver...tes_4_28_10.pdf http://keepcaliforni.../comment-page-1 0[/quote] I never new the fed was making that 4% on loans and they control the variable rate, seems like a no lose situation and no incentive to curb college tuition hikes

Taking a loan for business purposes is very motivating. This is because the money ends up on an investment planning. The mistake most people do is take loans in order to spend, not knowing where the source repayment will come from.

Not that I am a Wesley Snipes fan but this man serves three years for tax evasion while Geitner, Congress, Senate and federal employees seem to be granted immunity for the same. Why hasn't an elected official such as yourself taken a stand on this, Senator Alexander?

Connect the dots: EdAmerica/Edfinancial, based in TN, is a major opponent of SAFRA and Direct Lending. Edamerica supports TennPAC, which supports Alexander. Alexander is repeating Edamerica/Edfinancial talking points. What a surprise. Google

I took out Direct Loans for my undergrad and FFELP loans through Citibank for my grad degree. Seriously, Direct Loans are FAR easier to pay and keep track of. Citibank has sold all of my loans to different servicers, and I've had a lot of trouble getting the forms of all the interest I paid while in school to report on my taxes. I work for a student loan guarantor, and I can't imagine how hard it is for those who don't know how the system works. As soon as my grad loans are out their Grace period, I'll be consolidating into Direct Loans. At least I can trust the government to manage their program properly.

I agree that the shocking thing is that the Washington Post prints lies. I think it would be a very good thing if people e-mail Brauchli demanding a correction of the false claims of fact. He won't reply, and, if he did, he would say that corrections are used only for false claims of fact on all pages except the 2 opinion pages. An expression of faux naive shocked outrage that The Post thinks that if one is allowed to have one's own opinions one is therefore allowed to have one own facts would be a good reply to the unlikely reply. Also, regular demands that Fred Hiatt be fired are needed. Clearly he is an anti journalist regularly publishing falsehoods. There can be no place for any such person in any enterprise which claims to be a newspaper.