Educating the Education Secretary

by E Wayne Ross on May 14, 2007

The New York Times: Educating the Education Secretary

“It’s not our fault.” That’s what Education Secretary Margaret Spellings seemed to say while testifying before Congress last week about her department’s failure to halt the payoffs, kickbacks and general looting of the public treasury by a lending company that collected nearly $300 million in undeserved subsidies. But that doesn’t track with the federal Higher Education Act, which clearly authorizes the secretary to disqualify from federal programs lenders who employ payoffs, kickbacks and unethical practices like those that have been found to be commonplace in the college lending business.

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