Michael Dannenberg Discusses EduCap Junket in The New York Times
Education Policy Program, Higher Ed Watch, Student Loans
It turns out there probably will not be much talk about education on the Caribbean island of Nevis this February. The student loan company that invited university officials and their spouses to an expenses-paid education summit meeting there has canceled the event.
George Pappas, a senior vice president of the loan company, EduCap Inc., had said the purpose of the conference, which was to be held Feb. 2 to 5 at the Four Seasons Resort, was to discuss education, not loans.
But some financial aid administrators have said the conference was EduCap’s way of wooing university officials who could steer student borrowers their way, for example, by putting them on so-called preferred-lender lists...
Michael Dannenberg, director of education policy at the New America Foundation, a public policy institute in Washington, called the cancellation “but a small victory for the integrity of financial aid,” saying, “larger conflicts of interest remain.”
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