Scandals Rock Student Loan Industry/Universities

[Jack]

It keeps getting worse

http://education-portal.com/articles/Th ... ender.html

[rmm0484]

...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

[Carl_Reginstein]

...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.....