Education
Diet Tip of the Week, Issue 3
One of the most notorious abuses of taxpayers' money is the exercise of Walking-Around-Money (WAMs). These funds are set aside for use at each legislator's discretion to dish out to…
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How much for PHEAA?
If Sallie Mae is worth $25 Billion, PHEAA (which has about 1/10th the assets as Sallie Mae and about 1/20th the gross revenue) could be worth between $1.7 billion…
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Loan agency chief rakes in cash
The Patriot News reports that the head of PHEAA – the state agency which issues and manages student loans – will earn a bonus of nearly $200,000 (on top…
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PHEAAs Split Personality
The Pennsylvania Higher Education Assistance Agency (PHEAA) has a split personality complex, complete with an uncanny ability to assume different identities at a moment’s notice. One day, the student loan…
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Public nonprofit, privately profitable
The Pennsylvania Higher Education Assistance Agency, a taxpayer-supported, government-monopoly student loan organization, will pay its top executive, Dick Willey, nearly a half million dollars in 2006, reports the Harrisburg…
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