catalyst-chicago.org

Now under investigation by two state agencies, the United Neighborhood Organization is also facing tough questions on Wall Street from investors who lent tens of millions of dollars to help pay for the rapid expansion of UNO’s charter-school network, according to the Sun-Times, which broke the story about UNO using state funds to pay companies owned by two brothers of a top UNO executive.

In their relentless pursuit of prestige and revenue, American private and public four-year colleges and universities are increasingly using financial aid to attract the best and most affluent students rather than to help low-income and working-class families pay for college, according to a new report released Wednesday by the New America Foundation’s Education Policy Program.