Wednesday, May 09, 2007

Terri's Out!

Chronicle of Higher Ed:

Theresa S. Shaw, the Education Department's chief operating officer in charge of federal student aid, is stepping down, effective June 1, the department announced on Tuesday.

Ms. Shaw has spent five years at the department, after a 20-year career at Sallie Mae, the nation's largest student lender, and a few years at a start-up technology company.
The announcement of Ms. Shaw's resignation comes two days before Education Secretary Margaret Spellings is scheduled to testify before Congress concerning recent entanglements and conflicts of interest in the $70-billion-a-year program that provides federally guaranteed loans to college students and their parents.

Wonder if the private-equity Sallie has a job for her?
update: here's her email to Federal Education Dept. employees.

-----Original Message-----
From: Shaw, Terri
Sent: Tuesday, May 08, 2007 4:47 PM
To: FSA ED Employees
Subject: Announcement of Resignation
Importance: High

Today, Secretary Margaret Spellings will announce my resignation from
Federal Student Aid, effective June 1, 2007. I spoke with both Under
Secretary Sara Martinez Tucker and Secretary Spellings in February to inform
them of my plans to leave Federal Student Aid prior to the September 2007
expiration of my appointment to pursue other career opportunities. During
those discussions, both the Secretary and Under Secretary asked me to remain
at Federal Student Aid until June 1st and I agreed. I will spend the next
several weeks working with the Secretary, Under Secretary and the Executive
Management Team of Federal Student Aid to ensure and support a smooth
transition and the ongoing work of Federal Student Aid.

The Federal Student Aid team is so incredibly passionate about our mission.
Every day I am both amazed and humbled by the dedication, commitment and,
most of all, the hard work of each and every one of you. The recent
attention on our programs and our work only confirms how very important our
programs are to the students and families we serve. It has been my honor
to work with you and be a part of the Federal Student Aid team. We have
accomplished a considerable amount since September 2002 and I am proud to
have been a part of these successes with you. I am confident that together
we established a solid foundation for Federal Student Aid's continued

I deeply appreciate and thank each of you for your efforts over the past
five years.


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