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Comment It really isn't about the money. (Score 1) 374

I voted "What, and leave all my friends behind?"

I love my job. My employer is awesome. My co-worker is awesome. I love the work I do, because I get to help people (bankruptcy/social security disability paralegal).

While I don't get the benefits or the pay I used to get when I was working for a defense contractor, I go home with a smile and I come to work with a smile. My stress level is the lowest it has ever been in the 26 years I've been working.

So, no. I'm not leaving. My employer will be retiring in a few years, once his daughter completes her college education. When that happens, I'll be extremely sad but I'll be happy for him. I'll walk away with marketable experience and an education in the law from a person who has practiced for almost four decades. So, yeah... I'm here to stay until he kicks me out or he turns the lights out for the last time.

Comment Federal Student Loans (Score 1) 541

There appears to be at least two inaccuracies in this article.

1) Defaulting on Federal Stafford loans do affect the school for a period of time. Schools who participate in Federal Student Aid (FSA) are beholding to a concept of the "Cohort Default Rate". The basic premise is this: The U.S. Department of Education (ED) monitors the number of loans that a school has in default relative to the total number of loans made to the school for a rolling three year period. If this ratio passes a certain point, ED begins applying an ever increasing set of penalties on the school. If the cohort default rate passes a certain point, the school loses its ability to issue FSA. Also, Federal Perkins Loans are subject to this as well, on top of the fact that schools partially fund Perkins loans with their own money.

More information can be gleaned here: http://ifap.ed.gov/DefaultManagement/CDRGuideMaster.html

2) There has been argument for at least the 13 years I worked as a contractor to ED that transcripts are school property. Mark Kantrowitz, noted FSA researcher and commentator, has posted an excellent article on his website describing the subject here: http://www.finaid.org/educators/withholdingtranscripts.phtml

If you read the Federal Education Rights and Privacy Act of 1974 (FERPA), there is one section of the regulations that may be useful as leverage in dealing with a case of withholding transcripts. Mark deals with this section in his article. If you are experiencing this issue, I highly suggest you read the article, as well as the reg itself and make your argument from there. I have semi-successfully made the argument on behalf of clients previously during my time as a contractor, so please note your mileage may vary. The larger schools may offer a compromise (which the reg allows) while the smaller schools may cave in due to how much it'll cost them to offer the compromise.

Good luck.
Math

Submission + - Abel Prize Awarded to Univ. of Texas Professor (abelprisen.no)

DenaliPrime writes: The Norwegian Academy of Science and Letters has decided to award the Abel Prize for 2010 to John Torrence Tate, University of Texas at Austin, for his vast and lasting impact on the theory of numbers. The President of the Norwegian Academy of Science and Letters, Nils Christian Stenseth, announced the name of the 2010 Abel Laureate at the Academy in Oslo today, 24. March. John Tate will receive the Abel Prize from His Majesty King Harald at an award ceremony in Oslo, Norway, May 25.

The Abel Prize recognizes contributions of extraordinary depth and influence to the mathematical sciences and has been awarded annually since 2003. It carries a cash award of NOK 6,000,000 (close to € 730,000 or US$ 1 mill.)

Submission + - Mathematician refuses $1M Millennium prize (guardian.co.uk) 2

neutralino writes: Grigory Perelman, the Russian mathematician whose proof of the Poincaré conjecture was recently awarded a Millennium Prize worth $1M has rejected the award. Previously he refused to accept the Fields medal in 2006 and "quit the world of mathematics in disgust four years ago" (he published the proof in a paper in 2002). He refuses to talk to the media and told a journalist who contacted him "You are disturbing me. I am picking mushrooms."

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