A student-loan program at the University of Oregon misspent some $1.6-million and was closed this year with nearly $8-million in deadbeat loans, largely because the program was poorly run and checked out potential borrowers with the same inattention that it tracked the use of donor money, according to an Oregon University System audit that was described last week in The Register-Guard, a newspaper in Eugene, Ore. All of the officials responsible for the failed program have retired, so no personnel actions are contemplated. Some of the money in the program, which was separate from the university’s federal student-loan program, may still be collectible, officials said.
November 27, 2006
Audit Blames Failure of U. of Oregon's Student-Loan Program on Poor Oversight
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First Person
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Notes From Academe
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Commentary
