The National Association of Student Financial Aid Administrators' Board of Directors yesterday accepted the resignation of its president, Philip R. Day Jr., the organization has announced. Mr. Day has been on voluntary unpaid leave since he was charged this month with misusing public funds and making illegal campaign contributions in his former position as chancellor of the City College of San Francisco. Mr. Day asked the board to accept his resignation July 16, because of "the amount of time that would be necessary to address and resolve the San Francisco situation" and a desire to shield the organization from that situation, according to Nasfaa's statement.
"We accept his resignation knowing that it is in the best interests of the Association and so that he can focus his full attention on these recent developments," said Barry Simmons, Nasfaa's national chair, in the statement.
Joan Crissman, Nasfaa's executive vice president, who has been interim president and chief executive during Mr. Day's leave, will continue to serve in this role "for the immediate future" according to the statement.
Comments
1. rsp0001 - July 25, 2009 at 11:47 am
There's been a rash of mishandling of funds at public institutons all over. It seems that public leaders have taken on the aura of corporate executives not only in pay and excessive compensation packages but in blatant abuse of issues requiring trust and ethics. Higher education administration is slowly creeping into a sleazy, gray area of activity previously dominated by politicians, legislators and corporate execs. Could the faculty be far behind?