Title

"News & Issues" piece on a controversial settlement that will create a private e

Authors

Lee Burnett

Source

Maine Times

Date

12-7-2000

Pages

10

Abstract

"News & Issues" piece on a controversial settlement that will create a private educational foundation from the sale of the Maine Educational Loan Marketing Corp., (MELMAC) student loan portfolio. Creation of the $30 million foundation had been blocked by a lawsuit filed by the Maine Attorney General's Office (AGO), but the AGO settled the lawsuit earlier this week. According to critics, the settlement failed to obtain an independent audit, and did not secure absolute public control of the new board that will oversee the educational foundation.

Subjects

Actions and defenses, Student aid, Maine Educational Loan and Marketing Corp

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