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"Some college administrators seem so distracted with fund raising, academic infighting, and community initiatives that they set up their emergency communications departments very poorly. Training is poor to nonexistent, secretaries are pressed into service with tremendous responsibilities for running 'notification systems' 24/7 and on weekends because no one else knows how to do it and the administration won’t pay for additional staff. Procedures are seat-of-the-pants and dependent on HIPPO (highest paid person’s opinion), except when something like Virginia Tech happens and there is some sort of scramble to do something different." --Donna
Most Colleges Avoid Risk Management, Report Says
Jill Biden Shines a Global Spotlight on American Community Colleges
Speaking at a Unesco conference in Paris, the vice president’s wife stressed the importance of two-year institutions to the nation’s educational goals.
Connecticut Public Colleges Lose 200 Professors to Early Retirement
Administrators are scrambling to plug holes in their course schedules for fall, with most expecting to do so by hiring more adjuncts or increasing class sizes.
U. of Georgia Paid 2 Fraternities $2.4-Million to Relocate, Contracts Show
The two were among five with houses on property where the university plans to build new academic facilities.
New Allegations in Admissions Controversy at U. of Illinois Suggest Ex-Provost Played a Role
Linda P.B. Katehi, the incoming chancellor of the University of California at Davis, has insisted she knew nothing of the admission of politically connected applicants at Illinois.
Sonoma State U. Foundation May Lose $350,000 on Loan to Former Board Member
The foundation will be forced to issue fewer scholarships in the 2010-11 academic year because of a diminished endowment, a university official said.
College Suspends Student for Working in Gay Pornography | 58
President Obama's Visit to Notre Dame Carries Barely a Hint of Controversy That Preceded It | 58
Drug Sting Nabs 21 Students at U. of Illinois | 57
Faculty Members and Union Protest Staff Layoffs at Temple U. as 'Cruel' | 57
North Dakota Board's Vote Puts 'Fighting Sioux' Mascot on Thinner Ice | 57
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July 24, 2007
U.S. Senator Broadens Inquiry Into Spending by Nonprofit Lender EduCap
After coming under fire last week for lavish spending, the chief executive of EduCap Inc., a nonprofit student-loan company, said critics should “take it up with Congress.” On Monday, a powerful member of the U.S. Senate’s Finance Committee referred to that challenge as he opened an inquiry into the lender’s operations, The Washington Post reported today.
EduCap, which makes private student loans under the name Loan to Learn, pays its chief executive, Catherine B. Reynolds, $1-million in annual compensation. The nonprofit organization also bought a $30-million private jet and donates millions of dollars to a foundation run by Ms. Reynolds’s husband, according to the Post. EduCap was criticized last year for inviting college financial-aid directors to an all-expenses-paid conference in the Caribbean.
In a letter sent on Monday to Ms. Reynolds, the Finance Committee’s two leaders asked for documentation on how EduCap sets loan rates, approves customers, and spends money. The senators also raised questions about whether EduCap deserved its tax-exempt status.
“The taxpayers and Congress need full confidence that public-charity executives aren’t enjoying private jet vacations on the backs of students being charged 18-percent loan interest rates,” said Sen. Charles E. Grassley of Iowa, the top Republican on the committee. —Paul Fain
Posted on Tuesday July 24, 2007 | Permalink |
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