Sunday, May 15, 2011

Lawsuit - U.S. Senator Olympia Snowe's husband - former Maine Governor McKernan

The U.S. Dept of Justice has filed a lawsuit against Education Management Corporation; Senator Snowe's husband is the chair of its board of directors, and until 2007 was CEO of the company. The problem: aggresive recruiting of students and incentives for recruiting. Apparently the rate of students defaulting on loans with EDMC is much higher than other lenders. If you click on the headline you'll get to a more detailed story, by the Bangor Daily News. Click here for a shorter one by Maine Public Broadcasting Network (MPBN), which includes a video.

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