About two weeks ago, we noted that Massachusetts doesn't measure up when it comes to funding its students. As if the lack of state aid weren't enough, the Globe reports that nonprofit lending agency Massachusetts Educational Financing Authority will not be providing private loans for students entering school this fall. The organization offered over $500 million in loans last year, so that's major money to make up. MEFA will continue to help families with college savings, and hopes to offer loans later this year.

Week Around the Ists, November 1–7


So according to the article, 40,000 Massachusetts families are in big trouble just days away from the start of college but, according to the Boston Globe on July 25, 386 of our fellow citizens are set for life. No, they didn't win the lottery, they retired under some special provisions of Massachusetts law.
"State and local governments over the last five years have committed to spending an estimated $115 million to $235 million on 386 public employees who were allowed to invoke an obscure part of a state law to win earlier and significantly larger pensions, a Globe analysis has found."
Comments from Massachusetts politicians on how they are going to fix this to follow.....