Paige disputes $450m loss at Education

Paige disputes $450m loss at Education

The Education Department has not lost $450 million in funds, Secretary Rod Paige said last month.

Rod Paige
The department's inspector general had identified more than $450 million as being reportedly misused by the department since 1998 [GCN, May 5, Page 13].

Education has recovered $250 million in duplicate payments to grantees, Paige said in a May letter to Congress.

Nonetheless, the secretary said he would continue with department plans to improve Education's financial and student loan systems.

'P. Vasishtha

Stay Connected

Sign up for our newsletter.

I agree to this site's Privacy Policy.