Posted on 03/26/2019 4:55:40 PM PDT by Libloather
Education Secretary Betsy DeVos has reportedly opened an investigation into several universities at the center of a college admissions bribery scandal.
Politico, citing individuals familiar with the investigation, reported Monday that the Department of Education is looking into whether the universities broke laws or rules “governing the Federal student financial aid programs” or “any other applicable laws."
**SNIP**
The Education Department sent letters to the presidents of Yale, UCLA, Stanford, Wake Forest University, the University of San Diego, Georgetown University, the University of Texas at Austin and the University of Southern California informing them that the universities faced a “preliminary investigation” stemming from the scandal, according to Politico.
Politico also reported that the universities could face penalties if the department concludes that they violated federal education regulations. Those penalties could include eliminating a school's ability to access Pell Grants and federal student loans, according to Politico.
(Excerpt) Read more at thehill.com ...
The perps better fess up now. They're already toast. The longer they wait, the worse it will be.
in the 1970’s it only took a $100,000 gift to get into medical school (some good “respected” med schools, anyway)...
so it appears that the price has gone up?
They should just shut down Yale and Harvard. All they do is f-— up our government.
She finally got around to looking at something big and obvious.
A good time for Donald to step in.
Some of these elite schools are nonprofits; they don’t pay taxes on profits their invested endowments make — which saves them a lot of money.
One report noted that between the 2011 and 2015 fiscal years, the Ivy Leagues received a $9.6 billion tax break on the $27.3 billion growth of their collective endowments invested in public equities, fixed income, hedge funds, private equity, real estate and natural resources.
At the same time, the mega-rich schools receive tax dollars from the government for a number of purposes, which supposedly finance “cutting-edge research,“ and millions in federal grants for other projects.
One report noted $10 million in federal tax dollars went towards sex-related research, ranging from “Injury in Latina Women: Variability in Anal, Genital & Oral Injury in Women – Consensual Sex” to “ Skin Elasticity and Skin Color: Understanding Health Disparity in Sexual Assault.”
Between 2010 and 2015, the eight Ivies received $23.89 billion in federal grants..... $10.6 billion of which came from the U.S. Department of Health and Human Services and the National Institutes of Health.
Other sources of federal education grants:
<><> the National Science Foundation,
<><> the Centers for Disease Control and Prevention,
<><> the Department of Defense, and,
<><> the Department of Energy.
Federal tax dollars also fund work-study programs and Pell Grants.
Third-party money, in the form of grants and loans, has done to the higher education market exactly what it did to the housing market, pre-colllapse. Colleges and universities inflate their tuition in response to students’ access to “easy money”, and the students and their families suffer in the long run as a result. On the other side of the equation, professors and particularly administrators make out like bandits.
Cut off all third-party funding, make the colleges and universities price their product according to what students can actually afford to pay out of their own pockets, and watch the cost of education plummet as a result (using the term “education” loosely here, today it’s more likely to be an indoctrination).
I support student loans to students who are studying saleable subjects do they can repay. Medicine engineering nursing etc. by private lenders not government
Frankly she has much bigger fish to fry.
Just start taxing them at the 10% rate for “unrelated income” on all of the interest/capital gains on their endowments.
“in the 1970’s it only took a $100,000 gift to get into medical school (some good “respected” med schools, anyway)…”
In 1970 a VW Bug cost about $1,800 and I bought a new, top of the line, BMW R75/5 motorcycle for about $2,100. Now the price for each one’s present equivalent (yes, the Bug’s been discontinued) is about $21,000. That would make the goin med. school bribe about $1,000,000.
Ted Kennedy got into UVa after being expelled at Harvard for cheating when his father made a large donation to the law school in 1962.
There are smart people at 'elite' universities, but there are also smart people doing plumbing. To think, for a millisecond, that the best and brightest come from 'elite' universities is extremely misinformed - bordering on delusional.
While they’re at it, can they investigate Boston University for granting a degree in econ to Occasionally-Coherent ?
yes, indeed
our country’s deliberate, ongoing depreciation of the dollar’s purchasing value....(in effect, a continuous extra tax on every working American...year after year....)
so that
now $100,000 bribes cost $1,000,000
Not sure how much cash has been involved, but there have been investigations about kids with politically connected parents or friends of parents getting kids into University of Texas.
BTTT for DeVos!
I would think that prudence would dictate an immediate halt to all Federal Funds until this Investigation is done.
Worst of all, I was only using auto and motorcycle inflation. A year of law or medical school is now about 20x what it then. I graduated from law school in 1967.
It to mention the $17 hamburgers nowadays
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