Word: kornfeld
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Dates: during 1970-1979
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Many of them were never billed, because the HEW computers were not working on their cases. Says Leo Kornfeld, a former computer executive hired by Califano to clean up the mess: "If a student was in default, we had no system for detecting it. He could even take out a second loan while in default on the first loan. We wouldn't know about...
...defaulters there is the danger that pursuit by the collection agency may seriously damage their future credit rating. But the real damage, the Government points out, is to future students who need money for college. Says Leo Kornfeld, deputy commissioner for student financial assistance at the Department of Health, Education and Welfare: "These defaults taint the entire program and make it all the more difficult for the next generation to get loans...