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From YouTube: Oplerno ◐ Team Meeting 78
Description
Medium HigherEd Revolution:
https://higheredrevolution.com/
New York Times: A Student Loan System Stacked Against the Borrower
http://www.nytimes.com/2015/10/11/business/a-student-loan-system-stacked-against-the-borrower.html?_r=1
--
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Or mail us at: questions@oplerno.com
A
We're
also
going
to
discuss
a
new
york
times
article
on
student
loans,
that
was
out
in
the
paper
in
the
sunday
paper
yesterday
we're
going
to
talk
a
little
bit
more
about
our
new
on
boarding
procedures
and
the
results
so
far
and
talk
about
a
drip
campaign
and
anything
else
that
you
guys
would
like
to
discuss.
If
you
send
us
a
question
or
a
message.
So
without
further
ado,
let's
talk
about
the
eu-us
safe
harbor
ruling
last
week,
yeah.
B
Well,
that's
it-
and
that's
actually
quite
interesting-
would
give
you
a
little
bit
of
the
history.
If
you
hadn't
heard
of
message.
Yes
in
Australian
Austrian,
a
fellow
had
joined
facebook
and
didn't
completely
agree
with
with
it,
with
all
the
data
that
going
to
and
fro
and
say,
complain
to
the
other
Facebook
in
the
Europe
is
registered.
All
the
data's
is
supposedly
in
Ireland,
so
he
complained
to
the
Irish
privacy
watchdog.
That
I
didn't
think
that
the
national
security
of
being
treated
securely
enough
and
the
Irish
watchdog
said
yeah.
B
Nobody
ever
believe,
that's
a,
but
there
was
about
the
ruling
ruling
was
in
place
so
over
so
last
week
we
had
ruling
by
the
European
High
Court
other
European
Court
of
Justice,
who
said
that
there,
since
we
have
such
high
standards
on
Prime,
see
in
the
Union
you
in
EU,
and
it's
almost
impossible
for
American
and
US
companies
to
hell
all
to
it.
So
there's
no
way
that
there'll
be
other.
They
even
be
able
to
comply
with
any
of
us
at
any
of
the
portions
of
the
safe,
the
safe
harbor
as
they've
written
on
paper.
B
B
Sorry
back
up
a
little
bit
the
reason
that
the
in
the
year
within
the
US
was
at
where
the
US
companies
were
unable
to
comply,
of
course
is
because
of
the
Snowden
revelations
that
completely
fell
for
them.
This
is
so
there's
actually
no
way
that
everybody
who's.
Anybody
in
the
u.s.
basically
looks
at
all
your
private
data,
especially
of
Europeans.
B
Basically,
it
means
that
any
of
the
data
that's
stored
within
a
within
a
plateau
on
our
servers
is
no
longer
allowed
to
be
transported
to
the
US,
since
we
didn't
do
that
anyway,
it's
not
that
that's
not
such
as
no
sirve
interesting
for
us.
So,
let's
stay
the
the
advantage
of
advantage
for
a
valid
there's,
no
advantage
to
disadvantage
for
stem.
What
is
that
I
would.
A
Say
actually
there's
an
advantage
for
us
in
that
this
gives
us
an
extra
layer
of
protection
when
the
US
government
comes
knocking
and
once
on
data
from
about
our
faculty
or
our
students.
The
fact
is
that
now
we
can
say
you
know
that
we
can't
comply
because
of
the
EU
Court
ruling
I,
like
that
it
may
mean
that
ice
get
to
spend
a
little
time
in
in
jail.
Oh,
it's.
B
A
Because
you
know
sometimes
one
needs
a
vacation
and
but
no
the
protection,
the
individual
protect
that
this
accords
now
to
the
student
and
the
faculty
level.
Data
is
great.
It's
great
that
the
European
Court
is
done.
This,
of
course,
they'll
be
screaming
about
it
in
the
United
States,
but
that's
fine.
A
You
know
they
don't
necessarily
support
the
the
ideas
of
free
speech
and
free
academic
inquiry.
So
this
is
great
for
us
and
also
great
for
the
people
who
care
about
privacy
I
more
or
less,
although,
as
you
pointed
out,
that
doesn't
mean
the
GHC
queue
in
the
EU
on
another
in
internal
agencies,
this
protects
data
from
being
directly
transferred
to
America
to
the
US.
However,
that
doesn't
mean
that
different.
You
know.
Alphabet
soup
agencies
in
the
EU
can't
be
absconded
with
this
data
and
freely
sharing
it
with
the
data
farm
in
Utah
yeah.
A
But
you
know
we'll
just
have
to
deal
with
that
when
it
comes
so
with
any
interest,
you
know,
education,
you
know.
Here's
an
educational
company
and
what
worse,
but
having
to
spend
some
time
on,
is,
of
course
freedom
of
speech,
freedom
of
academic
freedom,
but
also
issues
of
surveillance
and
data
security,
but
that's
I,
guess
all
part
of
it
part
of
it
now.
Yeah.
A
B
B
Sir,
the
one
of
the
reasons
that
one
of
the
reasons
I
heard
lots
about
the
whole
of
the
court
case,
but
what
I
had
reasons
I
heard
that
the
decision
had
fallen
and
that
the
decision
that
we
made
was
because
one
of
the
a
US
company
of
who
I
get
have
service
with,
and
they
sent
me
an
email
saying:
okay,
we've,
it
just
happened
now.
This
is
what
this
is.
B
What's
gonna
happen,
what
mean
we're
going
to
be
for
your
date
said
this
was
going
to
be
for
your
company's
data
service
or
give
me
a
gave
me
a
hot
piece
which
I
thought
was
extremely
interesting.
That
satin,
especially
large
companies
who,
in
the
united
states,
were
already
busy
with
transporting
data
across
the
world,
already
have
had
contingency
plans
for
this
Nora
had
player
played
a
plant
in
place
for
this.
These
are
merely
not
talking
about
their
social
networks
and
people
who
were
but
I'm
talking
about
the
property,
the
real
data
companies,
the.
B
A
B
So,
as
I
said,
there
are
contingency
plans
and
I'm
worried
at
the
moments
because,
of
course
we
had
an
affair
if
we
want
to
get
if
we
want
to
get
it
so
what's
it
gets
a
and
deeper
into
the
future
I'm
worried
about.
What's
that
was
t
tip,
and
these
thing
that
these
type
of
things
are
going
to
mean
for
the
for
the
privacy
of
your
data
on
the
footing
for
at
least
protecting
it
from
companies
and
can
protect
me
from
Mac
from
governments,
yeah.
A
I
mean
it
will
be
very
interesting
to
see
how
in
the
US
there's
some
pretty
stringent
laws
regarding
student
data
student
privacy
data
and
who
can
have
it
new
can
share
it,
and
it's
really
interesting
going
to
be
interesting
to
see
what
companies
are
in
violation
they're,
either
not
doing
a
good
job
of
securing
the
data
or
other
government
or
they're,
giving
it
over
to
government
agencies
with
that.
So
you
know
we're
going
to
have
to
you
know.
A
Article
will
paste
that
up
on
on
our
notes
that
will
put
on
both
wood
block
and
also
that
we're
tweeting
out
on
yesterday,
we
had
there
was
a
actually
wait
saturday,
there's
an
article
about
the
student
loan
system,
stacked
against
the
borrower,
basically
in
the
US.
What
has
happened
is
that
the
government,
it's
a
real,
weird
thing-
President
Obama
nationalized
the
student
loan
market.
Okay,
said
that
yield
directly.
A
You
know
a
miserable
environment
for
the
students
and
a
monopoly
system.
The
article
quote:
to
quote
the
article
making
matters
worse:
borrowers
are
not
allowed
to
choose
their
servicers
servicers,
so
if
they
encounter
problems,
they
cannot
take
their
business
elsewhere.
So
you
have
basically,
you
know
crony
capitalism
where
these
loans
are
assigned
to
particular
companies.
You
sorry
you,
as
a
student
loan
/,
you
know,
is
taking
out
the
loans
you
as
a
student
or
assigned
to
these
particular
companies.
A
You
can't
get
out
of
it,
and
so
there
is
nothing
they're
not
competing
to
create
better,
better
and
service
they're,
just
competing
to
extract
as
much
possible
cash
from
you
as
possible,
and
there
is
a
real
perverse
incentive
where
students
are
not
encouraged
to
pay
off
their
loans
early
or
they
actually
earn
more
money.
The
longer
the
loan
takes
to
pay
off.
A
They
then
charge
students
on
six
percent
off
anywhere
between
four
and
six
percent
on
these
loans
sometimes
higher,
and
nobody
is
making
six
percent
on
the
financial
markets
at
all,
and
not
very
many,
and
so
this
is
a
huge
source
of
revenue.
In
fact,
it
makes
up
over
fifty
percent
of
the
Department
of
Education
'he's
revenue
stream
according
to
college
disrupted
and
whose
author
is
Ryan.
B
B
As
well
as
things
I
all
French
strange
that
you
have
your
1.2
trillion
in
college
in
student
loans
and
the
these
are
all
you
have.
Basically,
we
high
interest
rates,
I
mean
where
I
mean
it's
not
as
high
as
some
of
the
credit
card
interest
rates,
but
decided
for
European
standards
are
pretty
high
interest
rate,
especially
since
the
interest
rate
is
supposed
to
cover.
There
was
at
the
risk
of
the
loan,
but
these
loans
can't
be
defaulted
on
these
we
learn.
You
Colorado
use
these
book
through
bankruptcy
course.
B
You
have
to
pay
these
off
these
for
loans
will
follow
you
to
your
grave
basically,
so
this
is
so
that
is
so
six
percent
interest
rate
covering
the
check
covering
the
chance
that
you
might
default.
There
is
no
chance
that
you
can
default,
so
the
search
are
having
a
huge
interest
rates
at
you.
Bruh
is
completely
stranger
to
at
least
to
me.
It's
a
my
eyes
anyway.
Well.
A
It's
completely
strange
one
hundred
percent,
and
the
fact
is
that
this
system
is
breaking
down
arm
and
you
know
we're
part
of
that
solution.
You've
got
a
lower
cost
for
students
dramatically
and
you've
got
to
basically
boycott,
not
participate
in
these
programs
and
provide
education
in
a
different
way,
and
so
we're
just
designing
a
system.
That's
not
going
to
get
involved
with
on
student
loans
and
get
involved
in
extracting
more
more
capital
for
young
people,
and
also
you
know.
A
But
that's
a
rip
that
we've
talked
about
it
a
plant
or
a
whole
lot
on
I
love
feedback
from
faculty
and
students
and
any
members
of
our
community.
You
know
we.
We
have
internal
debates
about
how
radical
we
want
to
be
in
terms
of
how
we
discuss
this,
and
you
know,
I
get
a
little
bit
more
and
more
fed
up
about
the
system
and
playing
the
system.
A
So
you
send
us
your
thoughts
on
that
yeah.
Let's
we're
going
to
discuss
the
drip
campaign
in
a
second,
but
let
me
discuss
our
little
bit
about
our
new
on
boarding
procedures.
You
know
last
week
we
sent
out
an
email
to
all
of
our
faculty
and
it
was
about
our
new
onboarding
procedures
and
the
process
that
we
were
doing
in
to
get
in
contact
with
us
to
sort
of
recreate
your
account.
We've
had
a
really
good
response.
A
In
that
we
also
have
a
couple
of
faculty
members,
we
kind
of
do
our
onboarding
now
and
in
four
stages,
there's
one
which
is
you
know,
making
sure
they
sign
the
contracts
and
give
you
and
give
them
emails
and
an
initial
meeting
with
an
initial
phone
meeting.
Then
we
move
them
on
to
training
where
we
discuss
the
different
services,
the
deployment
of
offers
for
free
and
some
of
them
that
are
also
commercial
services,
in
other
words,
that
you
can
pay
for.
A
You
can
pay
for
hourly
support
or
take
it
to
me
class
online
to
help
you
develop
your
your
online
pedagogical
skills
or
learn
about
canvas
and
then
there's
also.
Some
support
of
you
know,
give
us
a
bunch
of
your
materials
and
we'll
convert
them
to
a
canvas
course
that
you
can
use
and
once
that
you
know
you've
been
trained.
A
You
get
into
course
development,
which
is
another
step
where
we
you
know,
are
working
on
creating
you
know
the
marketplace
portfolio
profiles
on
going
over
your
syllabus,
your
grading
rubrics
creating
your
modules
on
your
discussions,
doing
the
two-week
class,
adding
graphics
to
your
to
your
pages
and
then
the
last
step,
which
is
marketing,
and
we
said
that
you
know
once
your
course
has
been
approved.
We
create
a
landing
page
for
you
and
that
Daniels
designed
and,
of
course,
once
a
class
is
approved.
A
Then
we
go
to
our
networks
of
in
institutions
to
discuss
teaching
that
class
with
students
there,
but
also
we're
spending
a
bunch
of
time.
Thinking
about
how
do
we
create
different
ways
to
attract
students
to
take
the
class
and
then
transfer
them
to
either
another
institution
or
to
build
up
the
portfolio?
And
that's
part
of
the
last
piece
which
is
the
you
know,
the
drip
campaign,
so
the
on
the
new
onboarding
procedure,
I
think
works
a
whole
lot
more.
A
It's
great
for
me,
because
I'm
spending
a
lot
more
time
talking
to
faculty
and
talking
to
people
which
is
excellent,
and
it's
also
nice
I
no
longer
have
to
be
sitting
running
around
my
dissertation
and
getting
that
in
that's
completed
and
waiting
for
the
defense
date
and
then
I'm
really
excited
to
publish
it
on.
You
know,
put
it
on
site
once
it
gets
approved,
hopefully
in
November,
so
we're
working
on
the
marketing
piece.
A
We're
looking
at
the
strategy
of
of
we've
already
got
institutions
who
have
requested
and
sponsored
who
have
requested
classes
from
us
and
are
starting
to
get
into
this
situation,
where
they're
guaranteeing
a
certain
number
of
students
per
class
that
they
want,
which
is
great
and
then
we'll
expand
that
out
to
market
to
other
students
so
that
we
can
students
outside
so
that
we
can,
you
know,
create
those
classes
of
between.
You
know
10
and
15
students
at
a
section
Daniel.
Do
you
want
to
just
talk
a
little
bit
about
the
drip
campaign?
Yep?
Yes,.
B
A
B
All
of
these
can
be
split
into
saying
to
into
small
sand
into
small
sections
subsections,
a
small
small
tasks
which
can
be
performed
just
like
what
doing,
with
the
tour
with
the
courses
that
were
not
not
creating
two
hour-long
videos
for
students
to
watch
that
it
makes
them
completely
border.
They
lose
all
track
of
all
the
information,
actually
cutting
it
up
into
bite-size
chunks
and
we're
actually
serving
it
to
them.
They
can
actually
understand
it
and
they
can
get
better
in
contact
with
and
get
a
better
feel.
The
same
is
for
a
drip.
B
B
They
search
for
the
first
left,
top
five
of
the
top
ten
books,
or
explains
that
you've
set
for
the
top
five
top
ten
books
and
then
have
go
and
have
a
look
at
not
the
five-star
ratings
of
the
three
other
one
star
ratings,
but
after
what
three
star
ratings,
because
that
can
take
so
much
data.
A
wealth
of
data
of
what
people
have
people
have
read
the
book
who
are
willing
to
have
gone
to
the
site,
put
put
down
put
their
information
down.
B
They've,
given
proper
critique
I
mean
if
three-star
rating
is
not,
that
is
not
educated.
It
printed
one
star,
they've,
actually
taken
the
time
to
write
a
critique,
often
enough
what
are
writing
down
what
they're
missing
or
they
was
it,
what
they
could?
What
could
have
been
better
in
the
book
and
to
take
this
information?
That's
in
your
people
are
saying
talking
about
your
subjects
about
the
information
and
people
actually
saying.
Okay.
B
This
is
this
information
that
we
bought,
that
we
want
about
this
subject
with
this
information
that
we
would
like
to
read
it
to
learn
about
this
subject
or
to
read
about
to
the
other
subject,
which
is
great,
which
is
great,
but
to
have
things
like
this
cut
up
into
small
tasks
that
we
can
actually
have.
People
then
do
after
such
a
visit
amazon
willing
to
look
at
this
write
down
ten,
sir
alright,
or
take
in
the
information
that
you
took
out
Seth.
A
Yeah,
so
lots
of
different
things
happening
we're
working
on
the
marketing
piece.
You
know
again,
everything
is
going
to
depend
upon
acquisition
channels
that
probably
right
now
we're
going
to
be
more
focused
in
on
institutional
affiliations,
and
that's
going
to
be
the
that's
going
to
be
the
way
forward
to
start
filling
more
more
classes.
Are
you
know
again
the
more
content
we
have
in
terms
of
those
completed
courses,
the
more
that
we
can
go
to
other
institutions
and
really
subvert
that
whole
Pearson's?
A
A
notion
which
is
you
know,
Pearson's
charges
about
five
hundred
dollars
for
seat
in
the
class
providing
content
they
don't.
Then
a
university
saw
hires
an
adjunct
to
teach
that
content
and
paste
them
very,
very
little.
Well,
you
know
we
have
faculty
that
produce
excellent
content
and
can
also
teach-
and
you
guys
get
at
least
eighty
percent
of
the
tuition
revenue.
Remember
the
deal
is
a
plano
takes
ten
percent
or
hundred
dollars.
A
Number
is
greater,
so
your
ability
to
make
a
lot
more
money
and
make
a
good
living
as
effect
as
a
faculty,
and
I
jump
number
freed
from
the
institutional
politics
is
great
and,
to
be
perfectly
blunt
administrators
do
like
this
they're
able
to
really
invigorate
their
their
adjuncts.
All
administrators
are
bad
or
evil.
They
want
their
faculty
to
do
well
and
to
make
a
living.
A
This
system,
though,
does
cost
sort
of
you
know
traditional
tailored
faculty
a
bit
of
their
power,
but
it
places
then
adjunct
faculty
much
more
at
the
center
and
gives
you
all
an
incredible
place
at
the
table
and
also
a
lot
more
job
security
than
you
have
otherwise
so
check
us
out.
You
know,
keep
keep
working.
We
really
appreciate
all
the
email
messages
and
words
of
support
realize
that
you
know
we're
working
hard
at
really
changing
higher
ed
for
the
better
for
all
of
us,
and
we
will
see
you
online
next
week.