November 6, 2007

PA’s student loan company in trouble for give-aways.

Posted in Student Loan News at 8:42 AM by Joe From Boston

This one actually made me chuckle.  Read the excerpt below from

HARRISBURG, Pa. (AP) — Pennsylvania’s student loan agency spent about $2.2 million over five years on promotional giveaways, such as logo-enscribed golf balls, pencils, clothing and reusable glowing ice cubes, a newspaper reported.

The Patriot-News of Harrisburg reported Sunday that in the five years ending June 30, the Pennsylvania Higher Education Assistance Agency purchased, among other items, 150 brass clocks at $22 each, $30 L.L. Bean jackets, 3,000 peppermint candies with its logo on the wrapper and $3,400 worth of gummy brains candy.

“Gummy brains? The officials at PHEAA must have gummy brains if they were willing to waste scholarship money on these types of wasteful expenditures,” said Rep. Josh Shapiro.


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