Saturday, May 19, 2007

Did You Know - Student Loan Scandal

Evidence of another botched Federal program under the Republicans. Can't they get anything right?

From the New York Times...

Under criticism that it has been lax in policing the $85 billion student loan industry, the Education Department announced yesterday that the chief official responsible for overseeing the loan program was stepping down.

The resignation of the official, Theresa S. Shaw, was made public two days before Education Secretary Margaret Spellings is to testify to a Congressional committee. Ms. Spellings is expected to face tough questions about the oversight of lenders’ practices and her department’s enforcement of policies against conflicts of interest.

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