More Financial Aid Corruption

The Wall Street Journal reports today that an official at the U.S. Department of Education held shares in a company that issues federally guaranteed student loans. Looks as if the financial aid community is keeping the New York attorney general awfully busy these days.

Interesting to compare Columbia's PR response to the Department of Ed's, whose press page doesn't even mention the scandal. (Columbia's news page gives the dean's response top billing.) As of today, that Department of Ed official (Matteo Fontana) is still listed on the staff page, while the financial aid officer at the center of the Columbia scandal has been suspended.

More postings on the financial aid racket here, here, and here.