Educap

Two open issues on Daschle as he's hopefully run out of town on a rail: (1) have they gotten to the bottom of his rent-free use of an jet from a "nonprofit" called Educap (or something like that), and (2) has the IRS imposed, at a minimum, a failure to timely pay penalty.

Hot Air » Top Picks 2009

He was on Hardball saying "Daschle's real problem may be with Educap because he's close with their CEO and that company has some problems."

Dems Circle the Wagons for Daschle 2010

Watchdog Stephen Burd says money spent on the jet comes off the backs of students, who have Educap loans costing up to three times more than government loans.

A1 HOME PAGE Top Stories 1 2009

Wayne Reynolds is president and CEO of the Academy of Achievement, is on the board of directors of Educap, and is the husband of Catherine Reynolds, who runs Educap.

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Educap has said its loans are competitive with private companies.

A1 HOME PAGE Top Stories 1 2009

Educap is being investigated for allegedly abusing its tax-exempt status by charging high interest on charitable student loans and the lavish perks it provides its CEO.

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Educap is being investigated for allegedly abusing its tax-exempt status by charging high interest on charitable student loans and the lavish perks it provides its CEO.

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Maggie Daley once worked as a consultant for Academy of Achievement, a non-profit group that receives millions of dollars of year from Educap, which paid the mayor's wife $100,000 in 2006 and $50,000 in 2007.

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Heard said Wednesday a check of travel records found that Daley had flown commercial on numerous dates when CBS had him flying on the Educap jet.

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Heard said Wednesday a check of travel records found that Daley had flown commercial on numerous dates when CBS had him flying on the Educap jet.

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