I'm scheduled to speak about "Generation Debt" at the University of Wisconsin-Milwaukee tomorrow. UWM, it emerges, it emerges, is the single school that handled the largest volume of federal student loans from Student Loan Xpress, the company now under scrutiny by the Attorney General's office. $72.4 million, as their sole preferred lender for a few years. Their financial aid director, Jane Hojan-Clark, is one of several who have been placed on leave CORRECTION: SHE WAS NOT PLACED ON LEAVE AFTER ALL. She didn't get tens of thousands in stock options; she did sit on an advisory board and get free trips to Ohio and New York.
Here's the thing. Obviously, I get paid for these appearances at colleges. And part of the money that pays me comes from tuition. And part of that money comes from student loans. I even got paid last fall to appear at a conference sponsored by a nonprofit student loan servicer who, I think, is one of the good guys. But never has the irony been so obvious. Even as I do my best to remain independent in outlook and bring a message that will help students, I'm part of the system, too.