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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsObama Administration Misled Public On Student Loan Fraud
The Education Department conducted a "sham" investigation into whether Navient Corp. overcharged active-duty servicemembers, an audit shows.And thanks to the department, which had contradicted federal prosecutors with its announcement, Navient not only kept its contract -- it got a raise, too.
The scandal is likely to revive concerns about the departments sloppy policing of the student loan industry and its cozy relations with loan contractors, many of which have employed former department officials. These contractors together receive about $800 million annually from taxpayers to collect borrowers monthly payments and counsel them on their repayment options.
The inspector generals findings also could complicate the Obama administrations efforts to convince the Senate to confirm acting Education Secretary John King Jr. for the post. President Barack Obama has repeatedly pushed the department to improve its oversight of loan contractors and their treatment of borrowers. The department, however, has renewed contracts with companies that its own investigators and other federal authorities determined had misled borrowers. Accountability has been rare.
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http://www.huffingtonpost.com/entry/education-department-misled-public-on-student-loan-contractors-probe_us_56d5d2a7e4b0bf0dab337e33
Kip Humphrey
(4,753 posts)saturnsring
(1,832 posts)we know he can because he said so
xocet
(3,871 posts)saturnsring
(1,832 posts)earthshine
(1,642 posts)At least Bernie would try.
Hillary will be a worse corporatist than Obama. We'll get a few breadcrumbs on social issues, but the loaf will go to Wall Street and the big banks.
saturnsring
(1,832 posts)"Hillary will be a worse corporatist than Obama" since potus doesn't write the laws she can only sign what gets to her
earthshine
(1,642 posts)Obama wants genuine Republican nominees for FDA, SCOTUS, and so much more. He pushes TPP and H-1B visas. He let the Bush tax cuts stand. Ramped up the war against whistleblowers and pot growers.
The president has tremendous influence on the laws of the land.
This conversation ends. The last word is yours. Come and get it.
saturnsring
(1,832 posts)Nevernose
(13,081 posts)It was about corrupt administration at the Department of Ed, lax enforcement of rules and laws, and a progression of completely awful picks for Secretary of Education. None of that has anything to do with Congress.
xocet
(3,871 posts)From the article:
An interesting read:
Cordy
(82 posts)I am not sure how long we will wait for free upper education.
Foreigners are coming here and taking Americans jobs. They are educated free in their country's and have no student loans to be paying back, loans that keep some of our brightest minds from attending college.