"A child's learning is the function more of the characteristics of his classmates than those of the teacher." James Coleman, 1972

. . .a pupil attitude factor, which appears to have a stronger relationship to achievement than do all the “school” factors together, is the extent to which an individual feels that he has some control over his own destiny. James Coleman, 1966

Friday, August 03, 2007

$278 Million Giveaway - $2 Million Settlement = $276 Million Illegal Profit for Nelnet

From the NY Times:
One of the nation’s largest student loan companies, Nelnet, agreed yesterday to pay $2 million into a fund to educate high school students about financing college, settling an inquiry into its business practices by the New York attorney general.

. . . .

Nelnet has also been under scrutiny because in January, the federal Department of Education permitted it to keep $278 million in loan subsidies that an audit had found improper.
You're doin' a heckuva job, Maggie.

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