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"Measuring graduation rates is indeed a charade. Yes, some programs have a “respectable” rate of graduating athletes, but these grads often take gut courses, major in fields that have little academic rigor (coaching, general studies), and are placed in courses taught by profs who wouldn’t recognize an academic standard if it slept in their bed. The whole enterprise ought to be called academic gerrymandering."
—Gary
NCAA Imposes Stiffer Penalties for Academic Performance of Midlevel Division I Teams
U. of Evansville President Arrested on Drunken-Driving Charges
In a statement released today by the university, Stephen G. Jennings acknowledged making “a very serious mistake” and apologized.
Petitions Are Filed for Arizona and Nebraska Referenda on Affirmative Action
The backers of a similar measure in Colorado filed petitions months ago, but legal challenges may complicate such campaigns.
Oklahoma's Matching-Gift Backlog Booms Despite Moratorium
Instead of helping to clear a $225-million backlog of matching-gift obligations, a July 1 moratorium on the program has set back the state even more.
Italian-American Groups Rally to Save Advanced Placement Test in Italian
The Italian ambassador to the United States is leading efforts to raise money to continue the examination.
U. of Chicago Students Scramble After Lender Pulls Out
The Illinois Student Assistance Commission is ending its “school as lender” arrangement with the university.
Darwin Defeated in the Bayou: Louisiana Encourages 'Critical Thinking' About Evolution | 88
ACLU Complains About Noon-Meal Prayers at Naval Academy | 77
Columbia U. Fires Teachers College Professor Accused of Rampant Plagiarism | 61
U. of Phoenix's Report on Students' Progress Is 'Disingenuous,' Critic Says | 49
Student Who Died at Professor's Home Suffered a Drug Overdose | 47
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April 11, 2007
In Settlement, Sallie Mae Will Pay $2-Million and Stop Some Deals With Colleges
Sallie Mae, the nation’s largest student loan provider, has accepted a settlement with New York’s attorney general, Andrew M. Cuomo, in which it will pay $2-million and stop a series of practices designed to lure colleges into signing up their students as borrowers.
The agreement commits Sallie Mae to the same code of conduct that Mr. Cuomo negotiated last week with Citibank and 35 colleges, mostly in New York.
The agreements prohibit situations in which the lenders share revenues or otherwise make other payments to the colleges or their administrators, and requires the colleges and lenders to fully disclosure the terms of their relationships. Those relationships are at the center of a widening scandal of lenders’ questionable ties to colleges.
Sallie Mae, in a written statement, said it was pleased that Mr. Cuomo had “recognized Sallie Mae’s leadership in the student-loan industry and our ethical market practices with students and schools.” —Paul Basken
Posted on Wednesday April 11, 2007 | Permalink |
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