Education--No Lender (or brother) Left Behind
This is, if nothing else, a pro-business administration.
The No Child Left Behind program promise to the education of our kids is rife with special interests, feeding at the educational trough. From (now) fired commentator Armstrong Williams, who helped himself to $240,000 from the Department of Education for promoting No Child Left Behind, to school districts using federal funds to buy Ignite's portable learning centers at $3,800 apiece.
Ignite is a company owned by the president’s brother, Neil Bush. According to an October, 2006 article in the Los Angeles Times by Walter Roche,
“In Houston, where Neil Bush and his parents live, the district has used various funding sources to acquire $400,000 in Ignite products. An additional $240,000 in purchases has been authorized in the last six months.”
Now, however, government largesse has spilled over to lending agencies.
The Student Loan Program, just this past month, allowed a student loan company to keep $278 million in improper subsidies. T…