Reuters reports that Investigators probing the student loan industry allege that banks have given college financial aid officers pay and perks to win inclusion on so-called "preferred lender" lists shown to students looking to borrow money for college.
When Spellings was brought before Congress, she and her agency was accused of chronic inaction by Committee chairman George Miller. "The U.S. Department of Education has been conspicuously missing in action," said the California Democrat.
More can be read here.
Some questions:
-With 85 billion dollars tied up in the student aide system, should there be more scrutiny over how funds are handled?
-Should there even be such a thing as student aide?
-Do you think student aide inflates the price of getting a higher level of education?
-What should be done with those responsible?
-What should be done with the Dept. of Education if it is found to be neglectful in that it turned its back to the scandal?
-Does this affect you as a student?
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