Yahoo! News: Education News

---

• For-profit schools get report on loan repayments (Reuters)
• Student lender Nelnet settles lawsuit for $55M (AP)
• Education department to boost anti-fraud efforts (Reuters)

For-profit schools get report on loan repayments (Reuters) Posted: 13 Aug 2010 05:07 PM PDT Reuters - For-profit schools got a report card of their own on Friday, as the Department of Education released data showing estimated student loan repayment rates, part of a drive to tighten oversight of the industry.

Student lender Nelnet settles lawsuit for $55M (AP) Posted: 13 Aug 2010 03:42 PM PDT AP - Student lender Nelnet said Friday it agreed to pay $55 million to settle a whistle-blower lawsuit that accused the company and nine other lenders of defrauding the U.S. government out of $1 billion.

Education department to boost anti-fraud efforts (Reuters) Posted: 13 Aug 2010 11:16 AM PDT Reuters - The federal government will hire more investigators to prevent fraud by for-profit colleges in such areas as student financial aid, U.S. Secretary of Education Arne Duncan said on Friday.

You are subscribed to email updates from Yahoo! News: Education News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610