While PHEAA officials played, students racked up college loans
Wednesday, March 14, 2007There's something unseem ly about government offi cials and their spouses living it up at posh resorts, where most of us will never set foot, on money derived from college student loans.
Most of those students will be spending a decade or more paying back the money they borrowed for an overpriced college education, often with great difficulty.
Meanwhile,Executives and board members of the Pennsyl vania Higher Education Assistance Agency claim that such ex cesses are necessary to work the stu dent-loan business to the advantage of Pennsylvania taxpayers and students. But only PHEAA apologists could possibly believe that spending $862,288 on eight retreats for the agency's higher ups between 2000 and 2005 somehow benefited student borrowers.
PHEAAIt's easy to see why they didn't want them to be made public.
Resource: http://www.pennlive.com




