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"Many, many years ago one of my English TA officemates noticed that a student wrote 'writhing' instead of 'writing.' We spent the rest of the afternoon inserting 'writhing' into textbook titles ('Writhing with a Purpose') and other phrases like 'technical writhing.' My favorite: 'writhing across the curriculum.'” --peg
Herding the 'Escape Goats': Contest Sends Up Epidemic of Student Howlers
North Carolina A&T State Earns NSF Grant for Engineering Research
The award marks the first time that a lead institution in this program is a historically black university or college.
College of William and Mary Hires Interim Chief as President
W. Taylor Reveley III was previously dean of William and Mary’s law school.
Cuomo Reported to Be Planning New Student-Loan Lawsuit and Agreements
After a long silence, New York’s attorney general is preparing a lawsuit against one student-loan company and is nearing agreements with about a dozen others.
Southern Cal Deletes Muslim Scripture From Web Site Following Complaint
The scripture, from Islamic texts knowns as hadiths, had appeared on the Web site of a Muslim-student group on the campus.
Palin Attended 4 Colleges in 5 Years to Earn Diploma
The Republican vice-presidential pick, Sarah Palin, attended four different colleges over five academic years before earning her bachelor’s degree.
Palin Attended 4 Colleges in 5 Years to Earn Diploma | 184
Professor Suspects UCLA Is Illegally Using Race in Admissions Decisions | 40
Cutthroat Competition for Textbook Sales Pits UMass Faculty Members Against Bookstore | 37
Southern Cal Deletes Muslim Scripture From Web Site Following Complaint | 31
British Publisher Will Release Controversial Novel About Muhammad's Bride | 17
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December 26, 2007
Sallie Mae to Raise $2.5-Billion in Stock Offering
Sallie Mae announced Wednesday that it planned to sell $2.5-billion of stock. The company, known formally as the SLM Corporation, said it would use most of the money — about $2-billion — to pay off equity forward contracts, buying back 44 million shares of the company. The rest of the money would go to general corporate purposes, the company said in a news release.
This week is the end of a rough year for Sallie Mae. The company’s shares fell to a five-year low this month after the student lender’s chief executive, Albert L. Lord, failed to assure investors about the health of the company.
In September, a $25-billion takeover of Sallie Mae fell apart, the victim of a new law that cuts federal subsidies to student-loan providers.
The company’s stock rose 7 cents on Wednesday, finishing at $22.13, far below its 52-week high of $58. —Scott Smallwood
Posted on Wednesday December 26, 2007 | Permalink |Comments
Previous: Murray State U. and Preacher Settle Lawsuit
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So, what happened to Sallie Mae’s obligation to education?
Just asking. ..
Sallie Mae is a great for investors: Student loan defaults are guaranteed (at tax payers expense) while student’s get no relief or right in bankruptcy court under Constitutional law (Guess who re-wrote those laws..)
Further, add unfinished degrees addled by academics and profit motivated course agendas and you have a toxic spiral of students with “bad credit” unable to secure jobs as a result, or reduce their debt. (And Those lucky enough to have jobs havn’t seen the salary increases commensurate with inflation, either..)
So, sandwiched between corporate outsourcing and swelling labor ranks of immigrants, American brainpower finds itself worthless and unmarketable.
This, while College endowments profligate on this hyper-inflated bubble (rather than return something to students).
Unfortunately, this keep employment opportunities outsourced to competitors living on cheaper educated graduates walking away with American work.
Sallie Mae should be handled, managed and owned by the American government.
— Thomas Dec 30, 03:29 PM #
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