November 13, 2007

Student Loan issues occur the world over

Posted in Misc at 9:48 AM by Joe From Boston

I found an article in the Canadian Press that made my eyes roll.  The US is not the only country to be slightly idiotic at times!

The article points out that the company recently assigned a 5-year contract in Canada to ” take over ‘end-to-end servicing’ of debt” in the student loan program has a history of snafus with other government contracts.

Snafus include:

  • throwing out gun license applications in the trash instead of shredding them – these included homeowner’s names and addresses left frozen to the bottom of a dumpster
  • errors on gun licenses went from zero per year to hundreds per year, including wrong name, photo, birth date

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