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Fed Shocked To Find Student Loans Used For Anything But To Learn
Zerohedge ^ | 06/24/2013 | Tyler Durden

Posted on 06/24/2013 3:16:25 PM PDT by Rusty0604

Since January, the agency said it has flagged 126,000 applicants, about 1% of all those seeking aid for the 2013-2014 school year. "What we find are very poor students academically that are borrowing to the max, getting the maximum in their Pell grant and just going from school to school," said Rich Heath, director of financial aid at Anne Arundel Community College Roughly $829 million in Pell grants in the fiscal year that ended last September were "improper payments," which includes fraud and disbursements...

(Excerpt) Read more at zerohedge.com ...


TOPICS: Education
KEYWORDS: corruption; education; fraud; studentloans
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To: Rusty0604

The gal I knew who answered the phone for that kind of company was a knock out. Drop dead gorgeous. Nice voice too.


41 posted on 06/24/2013 7:55:13 PM PDT by ladyjane (For the first time in my life I am not proud of my country.)
[ Post Reply | Private Reply | To 40 | View Replies]


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