A correction was uploaded on October 8, 2014 at the request of the author. At page 230 "one-twelfth of fifteen percent" now reads "one-twelfth of ten percent".
Doug Rendleman and Scott Weingart,
Collection of Student Loans: A Critical Examination,
20 Wash. & Lee J. Civ. Rts. & Soc. Just. 215
Available at: http://scholarlycommons.law.wlu.edu/crsj/vol20/iss2/4