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May 31,2007
Ex-Hopkins official accepted $133,695
by UPI

WASHINGTON - U.S. Senate investigators found a former Johns Hopkins University financial aid director accepted more money from lending companies than previously disclosed.

Documents and interviews reviewed by the investigators revealed Ellen Frishberg, who for 18 years was known as a stickler for ethics at the university, accepted at least $133,695 in gifts from eight lending companies, more than twice as much money as previously reported, The Washington Post reported Thursday.

Frishberg resigned from the university earlier this month after the school concluded she violated ethics policies by accepting $65,000 from a lending company she encouraged students to use.

The former official defended her actions, saying she never viewed the money from lending companies as conflicts of interest. She said the companies she ultimately recommended to students were the companies that offered the best deals.

"I worked tirelessly for Johns Hopkins and its students and their parents," she wrote in an e-mail to The Post. "I have been vilified, I believe unfairly, in the media. I am no longer able to serve the students, parents and this university that I devoted much of my professional career to serving."

Copyright ©  2007, by United Press International. All Rights Reserved.

685 times read

Related news
Money and You: Where to find the fairest prices for student loans by Lynn_O'Shaughnessy posted on May 25,2007

Confidential data misused by loan groups by UPI posted on Apr 16,2007

Lending to students 'a gold mine' for creditors by David Washburn posted on Apr 20,2007

The credit monster by the St. Louis Post-Dispatch posted on Feb 22,2008

Universities get bonuses for D students by UPI posted on Mar 07,2008

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