Scandal

News You Need to Know: Daily Roundup, Thu., Oct 5th

October 4, 2006 - 8:00pm

Higher Ed Arms Race Reaches Univ. of Wisconsin

The University of Wisconsin-LaCrosse is considering raising tuition in order to increase quality and access to the university without additional money from the state. A new revenue plan outlines…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Pennsylvania Loan Provider Under Investigation

October 4, 2006 - 8:00pm

Pennsylvania's Higher Education Assistance Agency (PHEAA) is now being audited by the Inspector General for 9.5% student loan billing problems. The guarantee at issue provided student loan companies a taxpayer subsidy on top of student interest payments in…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Big Pennsylvania Non-Profit Salaries Linked to Student Loan Scandal

October 2, 2006 - 8:00pm

Last month, opinion leaders in Pennsylvania took aim at big bonuses doled out to the top executives of the Pennsylvania Higher Education Assistance Agency (PHEAA). First, Governor Rendell questioned why the bonuses should be so large - over $400,000 in one case alone - when PHEAA funds ought to be…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Will She or Won't She?

October 2, 2006 - 8:00pm

The Education Department's Inspector General has called on student loan giant, Nelnet, to return more than $278 million in taxpayer subsidy payments and halt billing the U.S. Treasury an additional $882 million. That's almost $1.2 billion in taxpayer subsidies that could go to students instead of Nelnet. It's now up to Education Secretary Margaret Spellings…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

NEWS SCOOP: Ed. Dept. IG Calls on Nelnet to Return $278M in Student Loan Subsidies and Halt $882M in Future Subsidy Billing

September 28, 2006 - 8:00pm

The Department of Education's Inspector General (IG) has called on Nelnet to return $278 million in taxpayer subsidy payments for a controversial student loan accounting practice and halt billing the Department of Education more than $882 million in future taxpayer subsidy payments. The breathtaking audit is sure…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

NEWS SCOOP: Ed. Dept. IG Calls on Nelnet to Give Up $1.2 Billion in Student Loan Subsidies

September 28, 2006 - 8:00pm

The Department of Education's Inspector General (IG) has called on Nelnet to return $278 million in taxpayer subsidy payments for a controversial student loan accounting practice and halt billing the Department of Education more than $882 million in future taxpayer subsidy payments. The breathtaking audit is sure to…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Student Group Tracks Higher Ed Watch and Files Complaint Against Private Loan Company

September 27, 2006 - 8:00pm

The United States Students Association filed a complaint with the Federal Trade Commission last week against Loan to Learn and its parent company, EduCap, Inc., claiming false advertising. The complaint tracks an…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Nelnet Feeling Pressure From IG Over Alleged Improper Billing

September 26, 2006 - 8:00pm

Are there new risks to investors of student loan giant, Nelnet? The for-profit lender filed an updated statement with the Securities and Exchange Commission (SEC) on Thursday, September 20th -- two days after a New America Foundation event focused on Nelnet's manipulation of the federal student loan system.

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

NEWS SCOOP on Student Loan Waste: White House Involved

September 24, 2006 - 8:00pm

Higher Ed Watch has learned that the White House has sought a high level briefing from a Department of Education appointee on a multi-billion dollar showdown between the Department of Education's Inspector General and the Secretary of Education over student loan waste. Perhaps this man took…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Student Loan 'Showdown'

September 17, 2006 - 8:00pm

The stage has been set for a showdown between the Secretary of Education and the Department of Education's Inspector General. The two have taken different positions over a corporate welfare loophole worth billions of dollars in taxpayer payments to the student loan industry. The Secretary ok'd use of the…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

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