Word: elsi
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Dates: during 1990-1999
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...honest, I don't know if that was the FAO's fault or the lending institution's. "Elsi," the Education Loan Service, Inc., is not known for its bureaucratic efficiency. All I know is that I used up my grace period during my time off, so when Elsi assumed I had graduated (in March), they started sending me bills for my Stafford loan. And then warning notices. And then really urgent warning notices...
...Elsi is only the beginning of a long, paper-filled maze of agencies. Sallie Mae, the Student Loan Marketing Association, is the real culprit. Sallie Mae is no Madonna, but she probably makes more money in a year from poor saps like me than Madonna will make in her whole career. Sallie Mae and Madonna do, however, have one thing in common: bondage. One temptress' whips and chains are another's default notices...
...crashed, I might as well apply for some kind of Sallie Mae credit card with mileage credit. At least then I'll earn points for every trip I have to make between the Square and Garden Street--not to mention all the calls to my toll-free buddies at Elsi. Getting the paperwork right is important. I just hope Harvard pulls through today...
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