"A senior official at the federal Education Department sold more than $100,000 in shares in a student loan company even as he was helping oversee lenders in the federal student loan program."
The official, Matteo Fontana, now general manager in a unit of the Office of Federal Student Aid, was identified yesterday from government documents as a stakeholder in the parent company of Student Loan Xpress who sold shares in 2003.
5 comments:
Chimp message.....get an EduuuKashion, yes so there will be more student loan money to steal?
The Gerbil promotes No Child left Behind and yet the official is stealing the students' dreams of education.
Thanks for the information SPB. My daughter had a student loan of 32,000 dollars but while paying 200 per month her loan was sold twice and now she owes 120,000 dollars. No one in the Federal Loan Dept can example where her monthly payments went. Now I realize it was stolen. The two companies that got the loan found no payments so they started it up.
As to date she still pays but the total is 120,000 dollars as she only borrowed 32,000 dollars.
OMG, I am glad I went to City Colleges first, and worked before going off to a University. The price of college is unbelievable now, even City Colleges. And the wages you get when you get a degree has not gone up. This is a really sad state of affairs.
I'm glad I got my schooling out of the way many years ago. I feel bad for the students today who want an education. And the WH is denying these kids that right.
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