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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 31, 2007
Nelnet Settles With Cuomo by Agreeing to Cease Deals With Alumni Groups
Nelnet, the nation’s second-largest student-loan consolidator, has agreed to stop paying alumni associations to recommend its consolidation loans, New York’s attorney general, Andrew M. Cuomo, announced today.
Under the terms of a settlement agreement with Mr. Cuomo, Nelnet will cancel its “affinity” agreements with 120 alumni associations and pay $2-million into a consumer-education fund established by Mr. Cuomo. Nelnet previously agreed to pay $1-million as part of a settlement with the Nebraska attorney general, but that agreement did not require the lender to end its referral arrangements.
In a statement, Mr. Cuomo said that “by paying for exclusive referrals of their loans, Nelnet violated the trust that students and recent graduates place in their schools and alumni associations.”
According to Nelnet, the terms of the affinity agreements varied depending on whether the alumni association was independent of or affiliated with the university. Independent alumni associations received payments for every loan consolidation they directed to the lender above a certain threshold, while affiliated associations received an annual fee only. In return, the alumni associations typically promoted the lender on their Web sites and allowed Nelnet to use their college’s logo for advertising purposes. —Kelly Field
Posted on Tuesday July 31, 2007 | Permalink |
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