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Showing posts with label Government Accountability Office. Show all posts
Showing posts with label Government Accountability Office. Show all posts
Friday, December 9, 2022

Cazenovia College is closing: Who cares?

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 Cazenovia College is closing at the end of the spring semester. According to Inside Higher Ed , the college missed a bond payment due to fi...
3 comments:
Tuesday, July 30, 2019

The Student Loan Crisis: If you aren't concerned, you're not paying attention

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Joseph Kennedy, it is said, got out of the stock market after a shoeshine boy gave him a stock tip. When a shoeshine boy is in the stock ma...
Saturday, July 27, 2019

Fraud in the Federal Student Loan Program? We're shocked! Shocked!

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Everyone knows the federal student-loan program is a train wreck. Even Education Secretary Betsy DeVos described it as a looming thundersto...
Tuesday, February 6, 2018

Loan-Forgiveness and Income-Driven Repayment Plans Are Costing Taxpayers a Bundle of Money

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The Department of Education's Office of Inspector General (OIG)issued another one of those mealy-mouth reports we've come to expect...
1 comment:
Wednesday, September 27, 2017

A Scary Report From the Federal Reserve Bank: More Than Half of a Recent Cohort of Student-Loan Borrowers Did Not Reduce Their Debt by One Penny Over Five Years

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Steve Rhode commented recently on a Federal Reserve Bank report published last July. As Mr. Rhode pointed out, the Feds reported that home ...
1 comment:
Saturday, May 27, 2017

James Runcie, Chief Administrator of DOE's Federal Student Aid Program, resigns rather than testify before Congress. Will he take his bonuses with him?

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James Runcie, Chief Operating Officer for the Department of Education's Student Aid Office, resigned a few days ago rather than testify...
1 comment:
Friday, December 2, 2016

Department of Education miscalculates cost of income-driven student-loan repayment plans: More accounting fraud

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The Obama administration touts long-term, income-driven repayment plans (IDRs) as a good solution for overburdened college borrowers who are...
2 comments: