Scandals Rock Student Loan Industry/Universities

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Scandals Rock Student Loan Industry/Universities

Postby Jack » Sat Jul 14, 2007 1:01 am

Jack
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Postby rmm0484 » Mon Jul 16, 2007 1:44 pm

...and worse!

"Two decades ago, a young accountant pioneered the now-$17 billion-a-year private student loan industry through a tiny nonprofit company with a noble goal: helping students pay for college.

The nonprofit company also has become a financial boon for the accountant, Catherine B. Reynolds, and her family. The McLean-based company bought a Gulfstream jet worth about $30 million that she sometimes uses to fly friends and relatives around the world. It has given more than $9 million to a separate nonprofit company run by her husband and paid her $1 million in annual compensation. And the nonprofit donates millions to her favorite charities, including $400,000 to her daughter's private school."


http://www.washingtonpost.com/wp-dyn/co ... 01448.html
Connie Graham
APUS Online Facuty
BA Asbury College
MSC Florida Tech
MBA Cal Coast
ABD Northcentral University
Enrolled in UFS, Bloemfontein pre dissertation program
rmm0484
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Postby Carl_Reginstein » Mon Jul 23, 2007 10:59 pm

rmm0484 wrote:...and worse!

"Two decades ago, a young accountant pioneered the now-$17 billion-a-year private student loan industry through a tiny nonprofit company with a noble goal: helping students pay for college.

The nonprofit company also has become a financial boon for the accountant, Catherine B. Reynolds, and her family. The McLean-based company bought a Gulfstream jet worth about $30 million that she sometimes uses to fly friends and relatives around the world. It has given more than $9 million to a separate nonprofit company run by her husband and paid her $1 million in annual compensation. And the nonprofit donates millions to her favorite charities, including $400,000 to her daughter's private school."


http://www.washingtonpost.com/wp-dyn/co ... 01448.html


"PhD Learner"......

My comment - barfffff!!!!!

Whatever happened to good old "student"?

Capella does this mixing of newspeak too, and it truly and totally sucks.....
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