| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
10 May 2007 06:17:11 AM |
| Object: |
Bush's Education Secretary faces questioning in student loan scandal. |
From The Associated Press, 5/10/07:
http://www.kgan.com/template/inews_wire/wires.national/313dac22-www.kgan.com.shtml
Spellings faces student loan questions
CAPITOL HILL (AP) --
Education Secretary Margaret Spellings will face questioning in the
House today on conflicts of interest in the student loan industry and
a reading program for young children.
Spellings defends her agency against criticism from New York Attorney
General Andrew Cuomo.
An investigation by Cuomo found that some colleges received a
percentage of loan proceeds from lenders who were given preferred
status by the schools.
It also was revealed that some college loan officers received gifts
from lenders to encourage them to steer borrowers their way.
Spellings says she has asked an Education Department task force to
come up with recommendations for new regulations to better protect
against conflicts of interest.
The reading program, Reading First, has been criticized for conflicts
of interest and mismanagement.
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Another day another Republican scandal
Harry
.
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