Sign in to comment!

Menu
Home

Education

Education secretary reinstates Virginia Tech fine

U.S. Education Secretary Arne Duncan is reinstating half of a fine against Virginia Tech for delayed warnings about a deadly campus shooting in April 2007.

The Education Department had asked Duncan to uphold a $55,000 fine that a judge dismissed in April. The judge had determined that university officials' actions didn't violate the federal Clery Act, which requires schools to issue timely warnings of campus threats.

In a ruling Thursday, Duncan wrote that Tech should pay $27,500 for waiting more than two hours to inform the campus of a fatal shooting of two students in a residence hall. By the time the warning was sent, a gunman was chaining the doors of a building where he killed 30 more people before committing suicide.

Virginia Tech could appeal the ruling.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.96% dw 4.12%  
15 Y Fixed Graph 3.13% dw 3.14%  
30 Y Fixed Jumbo Graph 4.29% up 4.24%  
5/1 ARM Graph 3.11% dw 3.25%  
5/1 Jumbo ARM Graph 3.60% dw 3.61%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.65% dw 4.67%  
$50K HELOC Graph 4.02% dw 4.04%  
$30K Loan Graph 4.97% dw 5.00%  
$50K Loan Graph 4.33% dw 4.36%  
$75K Loan Graph 4.33% dw 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.69% dw 2.70%  
36 M Used Graph 3.18% dw 3.19%  
48 M New Graph 3.02% dw 3.03%  
48 M Used Graph 2.91% -- 2.91%  
60 M New Graph 3.07% -- 3.07%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.38% dw 0.39%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.50% -- 1.50%