The U.N. agency that runs the federal education program that gives money to students nationwide, the U, is considering whether to rescind the Obama administration’s $500 million loan guarantee program after an Associated Press review of its finances shows the money was used to buy and sell stocks, loans and real estate.
Department for Education, which oversees the UWS, has made no comment on the matter.
The AP has requested a copy of the loan guarantee agreement that was obtained by the AP, which was signed in 2015.
The loan guarantee was meant to help defray some of the financial costs of attending community colleges, but some colleges, including the University of California, Los Angeles, have been criticized for using the money to purchase properties and pay their own tuition.
The government loan guarantees are the largest government aid program in the U