Once bitten, fuck them Seriously though, why would the private lenders make a come back when Obama has stated his basic opposition to their business model. Perhaps SLM would be a better play at this point and not all that much difference in stock price now.
The advantage FMD has is their database/models that allow them to determine if a borrower is a good risk. The obvious problems with students is they don't have significant FICO scores, so FMD uses other things to risk rate them, and does a very good job at it from what I've read over the years. Those data and models are valuable.
Getting a little action here lately. TERI bankruptcy conclusion coming up. FMD may get a payment from them. Office of Thrift Supervision lifted a cease and desist order that forced its banking subsidiary (Union Federal Savings Bank) to stop originating loans.