Once you know that you can make an informed
decision as to whether you will earn a higher return from a tax free state or national municipal bond fund or a taxable bond fund
of a similar
credit quality and average maturity (which is generally going to provide higher before tax returns) is going to be better for you.
It's to his
credit that he got his head down and made breakthroughs, but there are still improvements to be made, particularly in the
quality of the
decisions he makes and then the execution
of them.
And then around the bad debt expense, I appreciate that you are focused on collections and
credit quality and what not, but it seems to me that, like you've mentioned in culinary, it might be a wise
decision to be willing to lose a little more money on some
of these students to get them in the door and get the title four funds and it seems like that might be a really profitable endeavor, so I guess I wonder, bad debt at 2 %, why not let it go back to 3.5 by --