New America in the News: 2007

New America staff and fellows appear regularly on radio and television, and are frequently quoted in media outlets of all types. A selection of that coverage is available below.

Baltimore Sun Reports on New America's Student Loan Xpress Findings

April 10, 2007

A top financial aid administrator at the Johns Hopkins University was put on paid leave yesterday while the university investigates her ties to a student loan company that is at the center of a national probe by New York's attorney general, Hopkins officials said.

Joel Kotkin in The Christian Science Monitor on Unionizing in L.A.

April 10, 2007

It's no secret that labor unions are struggling with declining membership and loss of negotiating clout, but don't tell that to the hundreds of activists who gathered Friday for a rally outside the Hilton Hotel at Los Angeles International Airport...

The Village Voice Reports on Charlow, Student Loan Xpress

April 10, 2007

"Wow -- as if I'm not paying Columbia enough already, now there's a dude profiting off my financial misery." According to an online poll last week by the university's student newspaper, The Spectator, that's the most common campus reaction to news that Columbia's financial aid director, David Charlow, held $72,000 in stock in Student Loan Xpress from 2002 to 2005, even as his office at Columbia was promoting the student loan company as its top "preferred lender."

Marketplace Interviews Stephen Burd on Student Loan Deals

April 10, 2007

KAI RYSSDAL: It's not a Wall Street scandal, but it's got the hallmarks of one. Kickbacks in return for market access. Shady dealings between marketers and banks. And no real regulations covering most of what's been going on.

Investigations into the student loan industry continue to widen. Schools and lenders are putting people on paid leave while everybody sorts things out. Today, New York Attorney General Andrew Cuomo compared his probe to the peeling of an onion. He said he's discovering layer after layer of wrong-doing.

L.A. Times Editorial Cites New America Student Loan Investigation

April 9, 2007

PROVIDING FEDERALLY guaranteed student loans is nice work if you can get it. The market, worth more than $50 billion annually, is protected against virtually all losses. The trouble is getting into it — which is why an emerging scandal over so-called preferred lender lists kept by many colleges and universities is not surprising.

TIME Magazine Quotes Terry Tamminen on Thwarting Climate Change

April 9, 2007

Arnold Schwarzenegger may have signed the world's toughest anti-global-warming law, but it is Democrat Terry Tamminen, his environmental adviser, who is emerging as the state's real Terminator, winning industry support and the endorsement of a Republican Governor for a mandate to reduce the state's emissions 80% by 2050.

Len Nichols Makes Moral Case for Health Care on Kansas Public Radio

April 9, 2007

Approximately one in every ten Kansans is uninsured. Health economist Len Nichols recently visited Topeka to share his insight on how to remedy that problem. As part of our series, “Kansas Health: A Prescription for Change”, Kansas Public Radio’s Bryan Thompson spoke with Nichols about the argument that health care for all is not just an economic and political issue.

CNN Interviews Flynt Leverett on John McCain's Visit to Baghdad

April 8, 2007

[JOHN] ROBERTS [CNN ANCHOR, THIS WEEK AT WAR]: Thursday Secretary of Defense Robert Gates said that there was a great reluctance to indulge in happy talk about the security situation in Iraq and that it could be months before any real progress is seen there. In military terms in political terms, can the administration wait that long?.. With me here in Washington in the studio, [is] Flynt Leverett. He's the former Middle East analyst on the national security council, now a senior fellow with the New America Foundation...

NPR Interviews Stephen Burd on Student Loan Programs

April 7, 2007

SCOTT SIMON, host: The latest twist in the growing student loan scandal, the U.S. Department of Education has put a senior official on paid leave for owning stock in a student loan company he was responsible for overseeing. Financial aid directors of three major universities are facing similar allegations.

NPR's Libby Lewis reports on how the student loan program has changed and grown since it was started 40 years ago.

Michael Calabrese in InfoWorld on Spectrum Auction

April 6, 2007

A coalition of consumer groups wants open access for a portion of valuable wireless spectrum to be auctioned by the FCC in early 2008.

The six groups, calling themselves the Save Our Spectrum Coalition, filed comments with the FCC Thursday, suggesting competitors to the large DSL and cable modem service providers could use the open access to provide a broadband alternative. Sometime next year, the FCC is due to auction 60MHz of spectrum in the upper 700MHz band, which is being abandoned by U.S. television broadcasters as they move from analog to digital broadcasts...

Bloomberg Quotes Michael Dannenberg on Fontana's Stock Holding

April 6, 2007

April 6 (Bloomberg) -- New York Attorney General Andrew Cuomo's probe of college lending practices includes a financial- aid official in the U.S. Education Department who held shares in a college student-loan provider.

Matteo Fontana held 10,500 shares of Education Lending Group Inc., now a subsidiary of CIT Group Inc., in 2003, according to a September 2003 filing with the U.S. Securities and Exchange Commission. Cuomo's office has issued subpoenas to CIT and Student Loan Xpress, a unit of Education Lending Group, according to his spokesman...

Higher Ed Watch Cited by Los Angeles Times

April 6, 2007

USC placed its financial aid director on paid leave Thursday as New York authorities continued to examine her business ties to a lender she recommended to students, part of a widening investigation sending ripples of shock through higher education circles.

In a brief statement, USC said it had launched its own inquiry of Catherine Thomas' relationship with Student Loan Xpress Inc., which had been placed on the university's list of preferred lenders.

Michael Dannenberg in USA Today on Student Loan Xpress Scandal

April 6, 2007

Three universities have suspended top financial aid administrators after revelations that they owned stock in "preferred" lenders that are recommended to student borrowers and their parents. The Department of Education is also reviewing an official's stake in a lender the department oversees.

The Washington Post Cites New America on Student Loan Xpress Scandal

April 6, 2007

The U.S. Department of Education is investigating a senior official in its financial-aid office who owned about $100,000 worth of stock in a student loan company that has been subpoenaed by New York authorities, department officials said yesterday.

Communications Daily Quotes Michael Calabrese on FCC Auction

April 6, 2007

Chmn. Martin plans a vote on rules for the 700 MHz auction at the April 25 agenda meeting -- though he didn't circulate an order Wed. giving colleagues the usual 3 weeks to study the item, sources said Thurs. Martin asked other FCC members to waive this rule. He's expected to circulate an item as early as today (Fri.)...

Commissioners and staff have been meeting this week with representatives of parties interested in the 700 MHz auction. Commissioners hope to approve auction rules as quickly as possible so an auction can begin in the fall.

N.Y. Times Credits New America with Breaking Fontana Scandal

April 6, 2007

A senior official at the federal Education Department sold more than $100,000 in shares in a student loan company even as he was helping oversee lenders in the federal student loan program.

The official, Matteo Fontana, now general manager in a unit of the Office of Federal Student Aid, was identified yesterday from government documents as a stakeholder in the parent company of Student Loan Xpress who sold shares in 2003...

San Jose Mercury News Cites Higher Ed Watch

April 6, 2007

ALBANY, N.Y. - The federal Education Department official who oversees lenders owned about $100,000 worth of stock in a student-loan company now under investigation in an expanding nationwide probe of the $85 billion student-loan industry.

J.H. Snider on Spectrum Auction, Nextel in GigaOm

April 6, 2007

Like a fresh spring breeze, new radio-frequency spectrum is in the air. It is so close that you can almost smell it -- and seek to keep others away from it.

The next big spectrum land grab is over 700 Megahertz (MHz.) It’s the promised land of “beachfront property” that broadcasters are set to vacate on February 19, 2009, when the transition to digital television is supposed to be complete. Lots of folks are jockeying now to lock up these airwaves...

N.Y. Times Quotes Michael Dannenberg on Student Loan Xpress Scandal

April 5, 2007

The directors of financial aid at Columbia University, the University of Texas at Austin and the University of Southern California held shares in a student loan company that each of the universities recommends to student borrowers, and in at least two cases profited handsomely.

Inside Higher Ed Reports on Higher Ed Watch Scoop

April 5, 2007

On Wednesday, the other shoe dropped in a growing investigation of colleges’ ties to the lenders they recommend to their students — and many experts on the loan programs were stunned by the developments.

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