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Thursday, 19 January 2017
quote [ Many more students have defaulted on their college loans than the U.S. government previously revealed. This stunning admission came last Friday, when the Education Department released a memo revealing that it had overstated student loan repayment rates at most colleges and trade schools. The explanation? the problem resulted from a "technical programming error." ]
Zero Hedge article for people who don't want to deal with WSJ.
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mechavolt said @ 9:32pm GMT on 19th January
So...even though there is absolutely zero evidence they were intentionally fabricating the data, "technical programming error" means "caught massively fabricating student loan default data". I'm gonna wait for the IG report on this one, thanks.
mechavolt said @ 9:36pm GMT on 19th January
So...even though there is absolutely zero evidence they were intentionally fabricating the data, "technical programming error" means "caught massively fabricating student loan default data". I'm gonna wait for the IG report on this one, thanks.
EDIT: for anyone else interested in maybe some objectivity for this story, I'd recommend keeping an eye on this page in the future. Granted, IG investigations can take quite a bit of time, but this is where anything related to this will eventually show up:
https://www2.ed.gov/about/offices/list/oig//areports.html
mechavolt said @ 9:37pm GMT on 19th January
So...even though there is absolutely zero evidence they were intentionally fabricating the data, "technical programming error" means "caught massively fabricating student loan default data". I'm gonna wait for the IG report on this one, thanks.
EDIT: for anyone else interested in maybe some objectivity for this story, I'd recommend keeping an eye on this page in the future. Granted, IG investigations can take quite a bit of time, but this is where anything related to this will eventually show up:
https://www2.ed.gov/about/offices/list/oig/areports.html
mechavolt said @ 9:46pm GMT on 19th January
So...even though there is absolutely zero evidence they were intentionally fabricating the data, "technical programming error" means "caught massively fabricating student loan default data". I'm gonna wait for the IG report on this one, thanks.
EDIT: for anyone else interested in maybe some objectivity for this story, I'd recommend keeping an eye on this page in the future. Granted, IG investigations can take quite a bit of time, but this is where anything related to this will eventually show up:
https://www2.ed.gov/about/offices/list/oig/areports.html
EDIT2: Here's the actual statement from the Dept of Ed that is a little more detailed than "technical error": https://ifap.ed.gov/eannouncements/011317UpdatedDataForCollegeScorecardFinaidShopSheet.html
<-- Entry / Current Comment
mechavolt said @ 9:32pm GMT on 19th January [Score:1 Informative]
So...even though there is absolutely zero evidence they were intentionally fabricating the data, "technical programming error" means "caught massively fabricating student loan default data". I'm gonna wait for the IG report on this one, thanks.
EDIT: for anyone else interested in maybe some objectivity for this story, I'd recommend keeping an eye on this page in the future. Granted, IG investigations can take quite a bit of time, but this is where anything related to this will eventually show up:
https://www2.ed.gov/about/offices/list/oig/areports.html
EDIT2: Here's the actual statement from the Dept of Ed that is a little more detailed than "technical error": https://ifap.ed.gov/eannouncements/011317UpdatedDataForCollegeScorecardFinaidShopSheet.html
