Thursday, August 2, 2007

I want my kickback back

The University of Houston has just been implicated in a nationwide kickback scandal involving Student Financial Services along with 38 other universities. While a University attorney insists that what the Attorney General of New York handed down was not a subpoena, he also hid behind the "we are looking into it" and "I am not prepared to make a statement at this time" bullshit.

According to a Chronicle article, it is possible that the school received $75 for every student who signed up for a student loan with their "preferred lender"- oddly echoing part of the University's mission statement: Strategic Principle 5. External Partnerships: Partnerships with business, industry, government, the community and alumni are critical to achieving institutional goals of excellence and ensuring the financial health of the UH System universities. Ha! sounds like an invitation to corruption to me.