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Financial Aid in the News

White House Tally Appears to Overstate Stimulus Jobs (Wall Street Journal)

"The number of jobs the Obama administration credits to federal stimulus money could be overstated by at least 20,000 of the 640,000 claimed," Wall Street Journal reports. Colleges and universities were among the entities that contributed to over-reporting. "Recipients of the government grants and contracts appear to have made mistakes when estimating the number of jobs that have been saved or created, according to the Journal's review. Some recipients said they were confused by forms that asked how they spent the money." One university in Florida counted every part-time work-study position funded by the stimulus, instead of the full-time equivalent of the jobs.

You can read the complete Nov. 04, 2009 Wall Street Journal article on-line.

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