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June 23, 2008

Chronicle Reporter Wins Award for Exposing Conflict of Interest in Education Dept.

Washington — Paul Basken, a senior reporter for The Chronicle, has won a 2008 National Press Club Award for an article last year that described how a high-ranking Department of Education official had made policy decisions that significantly benefited Sallie Mae, the student-loan giant that was his former employer.

The article, published in May 2007, told how the official, Matteo Fontana, had issued a controversial high-stakes legal ruling in 2004 that helped Sallie Mae on the day before the lender completed its transition from a government-founded entity into a for-profit corporation. The legal ruling allowed Sallie Mae to bypass federal conflict-of-interest regulations, and thereby to preserve a lucrative relationship with a debt-collection company.

In a citation, the National Press Club applauded Mr. Basken for his “enterprising reporting” and “determination in ferreting out the facts, which he presented in a clearly written investigative piece.”

Posted on Monday June 23, 2008 | Permalink |

Comments

  1. I have worked with Paul on several stories and am not at all surprised that his work would win an award. Well done !

    — Alan Contreras    Jun 23, 06:42 PM    #

  2. Good for Paul. I had the pleasure and good fortune of working with him at UPI and benefiting from his knowledge, storage of facts and ability to put it all together.

    — Dave Rosso    Jun 23, 08:22 PM    #

  3. Paul deserves this public recognition for his work in investigative reporting and presenting complicated information in a clear, concise manner. Congratulations, Paul!

    — Eileen O'Leary    Jun 24, 10:00 AM    #

  4. Congratulations!

    — M.A. in Interactive Journalism and Department of Education contractor    Jun 24, 10:52 AM    #

  5. This shows more failure of leadership at the highest levels. VT chose not to notify the campus of a killer-at-large because it would interfere w the start of their $1 Billion capital campaign celebration. “Leadership” starts at the top & always follows the money.

    — Debster    Jun 24, 04:26 PM    #