Southeast Financial Credit Union has filed suit against a longtime Indiana customer that has been accused by two states attorneys general of bilking students out of thousands of dollars each for online college preparation study modules. The Indianapolis Star reports that Southeast Financial's complaint against The College Network and related individuals and companies claims the entities are insolvent and that its owners trying to squirrel away any remaining viable assets.
Earlier this year, Southeast Financial — which has lent out about $35 million to College Network customers — was named in a deceptive business practices suit filed by New York's attorney general. Click here for the credit union's complaint against TCN, which was filed last Friday and asks for $12 million and for TCN to placed under the control of a court-appointed receiver.
Southeast Federal, which has had a business relationship with TCN since 2003, said that when the credit union signed a contract extension with TCN last year, it was not made aware that the company was "insolvent, financially weakened by years of dwindling and slow sales and poor business performance."
Executives at financial services giant UBS have pledged to donate $2 million to a new portal that will help connect aspiring college students with higher education institutions that are likely to be a good fit with their interests. The TalentED Project, which will launch in October, is also being backed by the Tennessee College Access & Success Network and Discovery Education, the K-12 digital content and professional development arm of Discovery Communications.
“We know from research that college fit - finding a college that meets your academic, financial, social and emotional needs - is critical to college success and completion. High-potential, lower-income, first generation students are not always aware of the many college options available to them,” said Bob Obrohta, TCASN Executive Director. “The TalentED Project, created with input from over 150 college admissions and college access professionals, not only helps these students realize their potential, but it also allows colleges to actively recruit these students to their campuses.”
Vanderbilt Law School graduate Darren Robbins has made a gift to the social justice program at the school, which will now carry the name of the late George Barrett. Barrett — pictured here with Rita Geier, with whom he worked for more than three decades on desegregating Tennessee's state universities — was a 1957 VU Law graduate who was a partner at Barrett Johnston until his death at 86 a year ago.
As a result of this gift, the Social Justice Program, which is co-directed by professors Terry Maroney and Daniel Sharfstein, will support students and graduates pursuing social justice careers. It will provide competitive one-year public interest fellowships to Vanderbilt Law School graduates each year, fund a number of students doing public interest legal work in the summer, and serve as the hub of social justice activities at the law school, including programming throughout the school year and an annual public lecture.
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Virginia Gov. Terry McAuliffe has appointed David Miller, president and COO of Community Health Systems, to the board of visitors of the Virginia Military Institute. Miller earned his bachelor's degree in economics from VMI before moving on to receive an MBA from the Darden School at the University of Virginia. He joined Franklin-based CHS as a group vice president in 1997 and was promoted to his current roles early last year when the company completed its acquisition of Health Management Associates.
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