Corruption in the Student Financial Aid uncovered by Whistleblower
Is there corruption in our Student Financial Aid System by Student Lending Companies: Kickbacks and Payoffs to Schools? According to a recent article in The New York Times, the answer is yes. Jon Oberg, a veteran researcher at the Department of Education warned his supervisors in 2003, that student lending companies were improperly collecting millions of dollars. Since he was set to retire in 18 months, he was told to work on other projects and not to worry about this. Thankfully he did not listen. Although being reassigned and being treated like a pest in the department, he continued his research on his free time and uncovered startling reports of massive subsidy over payments by lenders. This whistleblower deserves much praise for his bravery and perseverance.
Click Here to read The New York Times article on how this retired whistleblower helped save taxpayers millions of dollars if not billions.
