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.You're doin' a heckuva job, Maggie.
. . . .
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.
"A child's learning is the function more of the characteristics of his classmates than those of the teacher." James Coleman, 1972
Friday, August 03, 2007
$278 Million Giveaway - $2 Million Settlement = $276 Million Illegal Profit for Nelnet
From the NY Times:
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