Tuesday, May 8, 2007

Terri Shaw stepping down

Smack dab in the middle of intense scrutiny, and the day before her boss testifies at a much awaited Congressional hearing, Terri Shaw, the head of the federal student loan office at the Department of Ed is leaving to "pursue other career opportunities". [see Washington Post article detailing all this.]

Her departure is unlikely to remove her from investigation, however. Terri came to the Dept of Ed direct from Sallie Mae. We surmise her transition from Sallie Mae will be queried. As would any potential financial stakes in Sallie Mae. Where is Terri going? What "other career opportunities" are available to Terri? Will she jump ship to a student lending firm?

Rumors appreciated here.

1 comment:

Anonymous said...

But the article says she was notified the Department she was leaving back in February, before all this happened. I think it's tenuous to say its related.