FAP867: First Marblehead, Bloomberg, Free Stuff, Becca Loebe

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Student Financial Aid News
+ Quick note that next Friday will be the last daily show, then we move to weekly
+ NASFAA: “First Marblehead Corp., (ticker: FMD) which packages student loans for sale to investors, said Thursday the volume of loans it had available for that activity dropped 66 percent in the fiscal fourth quarter,” the Associated Press reports. “The troubles have sent First Marblehead’s shares plunging from around $40 last fall. In April an organization called The Education Resources Institute, or TERI, which provided guarantees to bond investors for billions in private student loans, filed for bankruptcy protection - a move that shifted credit risk back to First Marblehead.”
+ An interview snippet with David Goldman, an investor and former portfolio strategist at Asteri Capital, on the Bloomberg podcast warrants listening to - here’s 30 seconds of a great 16 minute interview
+ Of all my fellow financial podcasts out there, Bloomberg’s On the Economy is one of the best and my personal favorite
+ The lesson from all of this market chaos is clear - cut spending, conserve cash, stay in insured forms of saving, whether you’re a company or a college student

Scholarship Update
+ The Proof-Reading.com Scholarship Program awards one $1,500 scholarship each year. This year’s winner will be announced on July 1, 2009. To be eligible to enter the Proof-Reading.com Scholarship Program, you must adhere to the following characteristics:
+ attend classes at an accredited four-year college or university in the U.S.
+ take a minimum of 12 semester units (you must be a full-time student)
+ be a legal resident of the U.S. or provide a valid green card
+ maintain a cumulative Grade Point Average (GPA) of at least 3.5
+ The deadline for Proof-Reading.com Scholarship Contest entries is 12:00 p.m. (noon) PST on June 1, 2009.
+ No late entries will be accepted!
+ Regrettably, no scholarship or essay contest questions can be answered by phone. Scholarship Guidelines: You must write a minimum of 1,500 words in reference to this topic:
+ What’s the future of audio CDs?
+ Details at our free college scholarship search site

Free Stuff Friday
+ Free puppy training kit and DVD
+ Recycled Post-Its
+ New free song from Coldplay
+ Free chicken sandwich at McDonald’s
+ Irony is having a Gold’s Gym free 7 day trial next to McDonald’s
+ Subdownloader grabs subtitles for your movies
+ Autopager eliminates those stupid page things

Free Song of the Week
+ Rebecca Loebe, Homeless

+ Still lots of opportunity to help 3 years after Katrina

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