Democratic lawmakers on the Education and Labor Committee of the U.S. House of Representatives want to know why the Education Department did not require the National Education Loan Network, a major for-profit student-loan provider commonly known as Nelnet, to return hundreds of millions of dollars in government subsidies that the agency’s inspector general says the company improperly received. In a letter sent today to the education secretary, Margaret Spellings, the lawmakers asked her to provide them with the history of and reasoning behind the decision, announced in January. They also asked how the department planned to prevent lenders from continuing to use the loophole in federal law that led to the overpayments.
March 7, 2007
House Democrats Ask Education Secretary to Explain Decision on Nelnet Payments
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Notes From Academe
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The Chronicle Review
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Administration
