Ed Dept Official Held Stock In Student Loan Company While Managing Federal Programs

Ed Dept Official Held Stock In Student Loan Company While Managing Federal Programs

A senior official at the federal Education Department sold more than $100,000 in shares in a student loan company even as he was helping oversee lenders in the federal student loan program.

The official, Matteo Fontana, now general manager in a unit of the Office of Federal Student Aid, was identified yesterday from government documents as a stakeholder in the parent company of Student Loan Xpress who sold shares in 2003.

Popular in the Community

Close

What's Hot