March 27, 2013
— Open Blogger Well, the cat is out of the bag now.
The U.S. Department of Education said 6.8 million federal student loan borrowers are now in default, representing $85 billion in debt. [$85B? The sequester was how big?] And the department's systems for collecting the bad loans are struggling to keep up.So, basically, there's no actual collections actions happening against a billion bucks worth of deadbeat loans because of some "computer glitch".The Department's Office of Inspector General found in December that more than $1.1 billion in defaulted student loans were stuck in a sort of computer limbo.
"The Department is not pursuing collection remedies and borrowers are unable to take steps to remove their loans from default status," wrote Assistant Inspector General for Audit Patrick Howard in the December 13 report, which blames a system installed in 2011 by Xerox that is supposed to transfer defaulted loan accounts from servicing companies to private collection agencies. Those collection firms have considerable power, including the ability to garnish up to 15 percent of a borrower's wages. But none of that can happen until the accounts are transferred.
This looks like a pretty expensive glitch now that its been going on for a couple of years, but I'm sure Xerox is darkening the skies and clogging airports with consultants, TOP MEN, EXPERTS, the freaking PROS FROM DOVER and it'll all be sorted out in a jiffy(*).
(*) In government parlance, a jiffy is roughly about 20 years +/-5yr
Comments seem to be hosed again...NOW you can panic
Posted by: Open Blogger at
10:55 PM
| Comments (84)
Post contains 270 words, total size 2 kb.
Posted by: A cynical but rarely angry Adriane at March 27, 2013 11:01 PM (TvO05)
Posted by: A cynical but rarely angry Adriane at March 27, 2013 11:03 PM (TvO05)
Posted by: A cynical but rarely angry Adriane at March 27, 2013 11:06 PM (TvO05)
Posted by: and irresolute at March 27, 2013 11:11 PM (DBH1h)
Posted by: Revisionisthistory phdee at March 27, 2013 11:14 PM (VmEIG)
Not atomic weapons. Not any scientific discoveries, or social advances.
Our greatest legacy will the the automation of incompetence to a level where it destroyed the nation.
Posted by: @PurpAv at March 27, 2013 11:15 PM (/gHaE)
Posted by: A cynical but rarely angry Adriane at March 27, 2013 11:20 PM (TvO05)
Posted by: AmishDude at March 27, 2013 11:34 PM (xSegX)
Posted by: Jean at March 27, 2013 11:34 PM (qjFNd)
Posted by: A cynical but rarely angry Adriane at March 27, 2013 11:35 PM (TvO05)
8....Our greatest legacy will the automation of incompetence to a level where it destroyed the nation.
Yeah, for all their wonderful uses...computers really have become the greatest cloaking devices for incompetence ever created.
But I'm sure it's going on in other countries too.
Uh...wasn't there something going on back in 2011 about "debt forgiveness for student loans"?
Weren't the Dems and Barky pushing for it?
My sleepy brain can't remember for sure...but it was about the time that the Occupy movement was getting started.
It just strikes me as being...convenient...that a 'faulty' program would prevent debt collection efforts on student loans, during an election cycle, when Barky wanted votes from that demographic group.
Posted by: wheatie at March 27, 2013 11:38 PM (UMBJ2)
I think there's a 15 year period in ObamaCare that forgives remaining debt. If you can string them along for 15 years, you're off the hook
Posted by: @PurpAv at March 27, 2013 11:47 PM (/gHaE)
Posted by: A cynical but rarely angry Adriane at March 27, 2013 11:49 PM (TvO05)
16...I think there's a 15 year period in ObamaCare that forgives remaining debt. If you can string them along for 15 years, you're off the hook
For real?
Wouldn't surprise me...they threw everything but the kitchen sink into Ocare.
Making doctors ask their patients "how many guns do you have" has nothing to do with healthcare.
So sure, why not something in there to take care of student debt too.
Posted by: wheatie at March 27, 2013 11:56 PM (UMBJ2)
i told them i had made a whopping $200 so far this year and how much did they want.
they said they would send me some forms to delay my payments some more.
#GoodTimes!
Posted by: redc1c4 at March 27, 2013 11:58 PM (8MasJ)
http://www.finaid.org/loans/forgiveness.phtml
Posted by: @PurpAv at March 28, 2013 12:01 AM (/gHaE)
Posted by: Chi-Town Jerry at March 28, 2013 12:02 AM (UTq/I)
Education:
Where the Hell is the Cafeteria, and Why Can't I Find it when Hungover -- 111. 2 Units.
3 Freshman courses in -- Gauge the Prof's Opinion and Repeat it for Him -- 101, 105, and 201; 9 units.
Why Free Speech is Really Fascism 200. 3 Units unless you are Mormon, then it is -1.
Recite the Prof's Opinion as if I Completely Believe It -- 301, 331, and 401; 11 units with labs.
All Men Suck, and Even Mentioning it is Rape 342. 3 Units.
Completely Useless Shit that No One will ever Pay You to Do -- Multiple Classes making up 112 Units, of which at least 30 units must be in the areas of -- Why Men Suck, Why White People Suck, Why Christians Suck, or Why American History is Bullshit Because they all Suck.
It's great to have a degree. Now if I could just find a job.
Posted by: jc at March 28, 2013 12:09 AM (PlzOe)
Posted by: A cynical but rarely angry Adriane at March 28, 2013 12:11 AM (TvO05)
Makin' cadres. Take a course in advanced marxism. Run up the debt. Torpedo the system with it. Built in bomb throwing.
Posted by: otho at March 28, 2013 12:17 AM (yBF/9)
I was just trying out my new cynic outfit. Fits pretty good even with love handles.
Posted by: jc at March 28, 2013 12:20 AM (PlzOe)
It's at the end of your last sentence in comment 22.
Posted by: A cynical but rarely angry Adriane at March 28, 2013 04:11 AM (TvO05)
====
"."
Posted by: jc at March 28, 2013 12:23 AM (PlzOe)
Posted by: A cynical but rarely angry Adriane at March 28, 2013 12:24 AM (TvO05)
Posted by: A cynical but rarely angry Adriane at March 28, 2013 12:25 AM (TvO05)
Posted by: @PurpAv at March 28, 2013 04:23 AM (/gHaE)
===
money is just a representation of your time. slavers never run out of money until someone is dead -- either the slaves or the slaver.
Posted by: jc at March 28, 2013 12:26 AM (PlzOe)
Posted by: Mephistefales at March 28, 2013 12:26 AM (WJqQG)
Posted by: A cynical but rarely angry Adriane at March 28, 2013 12:26 AM (TvO05)
It's the monocle and spats that really sets it apart from the common, everyday, ordinary cynic outfit.
Posted by: A cynical but rarely angry Adriane at March 28, 2013 04:26 AM (TvO05)
===
Have you seen the new stompy boot spats? Some of them even have rhinestones.
Posted by: jc at March 28, 2013 12:31 AM (PlzOe)
Posted by: A cynical but rarely angry Adriane at March 28, 2013 04:24 AM
Hahaha... that's a good bit.
Posted by: otho at March 28, 2013 12:32 AM (yBF/9)
Posted by: A cynical but rarely angry Adriane at March 28, 2013 12:33 AM (TvO05)
Posted by: A cynical but rarely angry Adriane at March 28, 2013 12:40 AM (TvO05)
Posted by: A cynical but rarely angry Adriane at March 28, 2013 12:42 AM (TvO05)
It is freaking COLD here in Palm Beach. WTF? Early spring / global warming? Yea right. Go with that.
We had six months so far this fall/winter/spring where I've had to turn on a heater, if this persists another few days, FL will probably have had its first "7 month" heating season in like since...forever.
Posted by: @PurpAv at March 28, 2013 12:42 AM (/gHaE)
Posted by: A cynical but rarely angry Adriane at March 28, 2013 12:43 AM (TvO05)
Posted by: A cynical but rarely angry Adriane at March 28, 2013 12:44 AM (TvO05)
Posted by: and irresolute at March 28, 2013 12:50 AM (DBH1h)
In developing software for government, we often run into this twin conundrum:
1. They want it as fully automated and bulletproof as possible.
2. They can't tell us exactly what it needs to do so we can validate that it is working.
Lesson: Computer software can only make a process faster if you know what that process is, pretty exactly, and it can be reduced to programmatic steps.
Otherwise, the rush for centralization is simply devastating weakness.
Posted by: RiverC at March 28, 2013 01:35 AM (KTytI)
Posted by: Jack S. Phoggbound, Esq. Attorney for the Butt Chugging White Boys at March 28, 2013 01:53 AM (p4U6S)
Posted by: occam at March 28, 2013 02:06 AM (Z3/y1)
Posted by: Foghorn Leghorn at March 28, 2013 02:09 AM (n8LUb)
Posted by: VIA, on the tiny keyboard at March 28, 2013 02:11 AM (tOvyV)
Posted by: coondawg68 at March 28, 2013 02:15 AM (VhcOZ)
Posted by: Anna Puma (+SmuD) at March 28, 2013 02:19 AM (QRXqb)
As Agent Smith said, it is inevitable.
Crying Boehner will weep and push for it too. John Roberts will okay it as a tax.
Posted by: GnuBreed at March 28, 2013 02:20 AM (ccXZP)
Posted by: Anna Puma (+SmuD) at March 28, 2013 02:22 AM (QRXqb)
Posted by: fastfreefall at March 28, 2013 02:26 AM (dS5nN)
Posted by: Nevergiveup at March 28, 2013 02:32 AM (9Bj8R)
When the customer (the agency) was partly responsible for testing (as opposed to doing all of this in-house) they were much more reasonable and concise with their requirements. The reason: If they made it vague and overreaching, they had to figure out a way to test that. Good luck.
Too many competitors for software these days are trying to be superman - we'll magically figure out what you want when you don't know, we'll come up with a lightning quick solution, and it will be tested and verified 100% by deploy date, all under schedule deadline and target budget.
To some extent Agile development helps here, but it only works if the people do know what they want, but have trouble making a clear requirements document for it (if they are not technical enough, this is pretty much a certainty.)
We've improved a lot since 1970, but I can't say the same for the customer.
Posted by: RiverC at March 28, 2013 02:38 AM (KTytI)
Posted by: fastfreefall at March 28, 2013 02:41 AM (dS5nN)
Posted by: Gmac - Waiting for the revolution at March 28, 2013 02:49 AM (IanLz)
Posted by: Anna Puma (+SmuD) at March 28, 2013 02:49 AM (QRXqb)
Posted by: Anna Puma (+SmuD) at March 28, 2013 02:51 AM (QRXqb)
Posted by: fastfreefall at March 28, 2013 02:53 AM (dS5nN)
Posted by: RiverC at March 28, 2013 02:53 AM (KTytI)
Posted by: Nevergiveup at March 28, 2013 02:53 AM (9Bj8R)
One of the titles that came up was 'The Seventh Courtesan' and MWR asked if that was like 'The Seventh Seal.' So wrote this in answer to MWR. Enjoy?
"Sluggor cracked the Seventh Courtesan, who was named Moonlight Rain, to reach his ultimate goal. For he sought the Queen of the Courtesan Corps. If he conquered her, he would be forever famous and powerful. Thus when Moonlight Rain fell all was revealed for Sluggor. The multiple panels of fine silk in pastel shades and gold thread parted to reveal the Queen in her own boudoir. With a powerful stride and the sweat of recent sex dripping off him he went to claim his destiny. She had a body both voluptuous and sleek he could see, it was barely encased in pale pink silk and languidly laid out across silk pillows. Her face was veiled in rose colored silk so all Sluggor could see was the soft doe brown eyes pulling him forward. He reached her side and went to one knee, with a trembling hand Sluggor lifted the face veil away to kiss the Queen imagining soft lips that would welcome him.
That is when the screaming started. For the visage hidden under the rose colored veil was that of a hag with deep wrinkles and leathery skin. The soft as petal lips became those of chapped brown leather while the imagined pearl white teeth became the sharp teeth of a barracuda. Sluggor tried to break free but her arms had the strength of five men it seemed and they held him in place. As Sluggor fearfully shut his eyes at the approaching teeth all he could think of was the warning of the Wise Man of the Mountain he had consulted before embarking on this quest - 'Watch out boy she's a man-eater.' Then Sluggor knew nothing else of this world."
Posted by: Anna Puma (+SmuD) at March 28, 2013 02:56 AM (QRXqb)
Posted by: Matthew at March 28, 2013 03:17 AM (659DL)
Posted by: Nevergiveup at March 28, 2013 03:19 AM (9Bj8R)
Posted by: Xavier at March 28, 2013 03:32 AM (FLrNi)
Hey it's okay when the Feds play games...
they are the GOOD guys man....that is OUR usury!
//Occutard
Posted by: sven10077-ArkLaTex travelogue and Researcher at March 28, 2013 03:36 AM (LRFds)
He might be able to get work as a tech writer if he can string a sentence together. If he learned Mandarin, he could get a gig translating Chinese manuals.
Posted by: @PurpAv at March 28, 2013 03:46 AM (/gHaE)
I would be interested in finding out how he thought he wouldn't have to repay those loans.
I wouldn't be surprised if it was a faculty member at the college.
Posted by: Miss Marple at March 28, 2013 03:59 AM (GoIUi)
Posted by: no good deed at March 28, 2013 04:10 AM (mjR67)
* ID-ten-T = ID10T
BCAK = Between Computer and Keyboard
Posted by: Peregrine Took, Hobbit SOB at March 28, 2013 04:37 AM (erlzv)
Posted by: CitizenEgg at March 28, 2013 04:46 AM (RB0el)
the writers at The State newspaper don't seem particularly talented.
Posted by: aaaaaaa at March 28, 2013 04:56 AM (SRt/1)
Posted by: emdfl at March 28, 2013 04:57 AM (TLEPO)
Posted by: Schwalbe: The Me-262© at March 28, 2013 05:00 AM (UU0OF)
BTW, Xerox is horrific at this stuff. They used to have a Xerox Business Systems division that would come in and try to run your mail operations for you. The only problem was that corporate would never cut them a postage check.
Posted by: Voluble at March 28, 2013 05:15 AM (qYvEa)
Smug young white people educated beyond their intelligence are Obama's real base.
If he cracks down on student loans, he'll be the most hated man in America.
Posted by: AmishDude at March 28, 2013 03:34 AM (xSegX)
Yeah, that's gonna happen. Right after he cuts off EBT payments, and crushes a few public sector unions.
Posted by: Jay Guevara at March 28, 2013 07:39 AM (IDSI7)
Posted by: Snarky the Bear at March 28, 2013 07:40 AM (/b8+5)
Of course, he could end up like Tom Tuttle of Tacoma, and get brainwashed by Communists. Here in America at school, not during a bridge construction project overseas.
Posted by: bonhomme at March 28, 2013 08:20 AM (mdWXf)
Posted by: David T. at March 28, 2013 09:40 AM (WXayg)
Posted by: David T. at March 28, 2013 01:40 PM (WXayg)
Did you contact them to go into forbearance? Cause if you did that sounds so odd.
Posted by: Caustic at March 28, 2013 10:49 AM (/b8+5)
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Posted by: A cynical but rarely angry Adriane at March 27, 2013 11:01 PM (TvO05)