AFT NCLBlog

"The Bush administration killed a proposal to clamp down on the student loan industry six years ago following allegations that companies sought to shower universities with financial favors to help generate business, according to documents and interviews with government officials," reports Amit Paley in today's Washington Post.

Bush officials stood by while Nelnet rang up $278 million in questionable profits and have taken a fox-henhouse approach to student loan oversight.

But, don't worry, they're getting serious about cracking down on student loan abuses now. A Department of Education spokesperson quoted in the article notes that Secretary Spellings has created a task force! Wow! That'll show 'em.

Posted by John on May 1, 2007 09:31 AM | Permalink

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Name:

Email Address:

URL:

Remember personal info?

Comments: (you may use HTML tags for style)

Recent Posts

The NCLBlog

Co-Editor: John
Co-Editor: Michele

Have a tip about NCLB? Contact our tipline at tips@letsgetitright.org.

For questions or general information, email us at info@letsgetitright.org.

Disclaimer: The NCLB Blog was established by the AFT as a forum where public education advocates, policymakers and others can exchange information and express their opinions on NCLB and related issues. The views expressed here are not the official views of the AFT or any of its affiliates. All claims otherwise would violate the spirit and purpose of the blog. © American Federation of Teachers, AFL-CIO. All rights reserved. Photographs and illustrations cannot be used without permission of the AFT.

Home About AFT Blog Sign Our Petition Contact Us Send to a Friend Printer-friendly Page

The NCLB Blog was established by the AFT as a forum where public education advocates, policymakers and others can exchange information and express their opinions on NCLB and related issues. The views expressed here are not the official views of the AFT or any of its affiliates. All claims otherwise would violate the spirit and purpose of the blog. © American Federation of Teachers, AFL-CIO. All rights reserved. Photographs and illustrations cannot be used without permission of the AFT.