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Archive for July 11th, 2012

U.S. Department of Waste Fraud and Abuse–Or is it Education?

Wednesday July 11th, 2012   •   Posted by K. Lloyd Billingsley at 4:52pm PDT   •   10 Comments

Federal student financial assistance programs are “costly, inefficient, byzantine, and fail to serve their desired objectives,” according to Ohio University economics professor Richard Vedder. Fraud is rife and many students fail to graduate and carry heavy debt into their forties. But unlike the federal government, those who receive federal student aid cannot simply raise…
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