{"id":179175,"date":"2018-04-25T21:39:00","date_gmt":"2018-04-26T02:39:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/04\/25\/journalism-fail\/"},"modified":"2018-04-25T21:39:00","modified_gmt":"2018-04-26T02:39:00","slug":"journalism-fail","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/04\/25\/journalism-fail\/","title":{"rendered":"Journalism Fail"},"content":{"rendered":"<div>If you read stories about student loans in new sources like, &#8220;<i><a href=\"https:\/\/www.washingtonpost.com\/business\/get-there\/with-new-degrees-in-hand-college-grads-face-another-hurdle-paying-back-student-loans\/2017\/06\/02\/7831cc06-4550-11e7-bcde-624ad94170ab_story.html?utm_term=.81a5a17cfd47\">The Washington Post<\/a>,<\/i> <i><a href=\"https:\/\/www.bostonglobe.com\/business\/2018\/03\/22\/college-students-are-using-student-loans-invest-bitcoin-yes-really\/Syr7mJpgIzDn6iOa6a0g5J\/story.html\">The Boston Globe<\/a>,<\/i> and <a href=\"https:\/\/www.cnbc.com\/2018\/03\/23\/college-students-use-financial-aid-money-to-invest-in-bitcoin.html\">CNBC<\/a>,&#8221; you have probably seen quotes from student loan expert &#8220;Drew Crowd&#8221;.<\/div>\n<p>The kicker is that Drew Cloud does not exist.  He is <a href=\"https:\/\/www.chronicle.com\/article\/Drew-Cloud-Is-a-Well-Known\/243217\">a fraud promulgated by the student loan firm Lend EDU<\/a>:<\/p>\n<blockquote><p><span style=\"color: blue;\">Drew Cloud is everywhere. The self-described journalist who specializes in student-loan debt has been quoted in major news outlets, including <a href=\"https:\/\/www.washingtonpost.com\/business\/get-there\/with-new-degrees-in-hand-college-grads-face-another-hurdle-paying-back-student-loans\/2017\/06\/02\/7831cc06-4550-11e7-bcde-624ad94170ab_story.html?utm_term=.81a5a17cfd47\">The Washington Post<\/a>, <a href=\"https:\/\/www.bostonglobe.com\/business\/2018\/03\/22\/college-students-are-using-student-loans-invest-bitcoin-yes-really\/Syr7mJpgIzDn6iOa6a0g5J\/story.html\">The Boston Globe<\/a>, and <a href=\"https:\/\/www.cnbc.com\/2018\/03\/23\/college-students-use-financial-aid-money-to-invest-in-bitcoin.html\">CNBC<\/a>, and is a fixture in the smaller, specialized blogosphere of student debt. <\/p>\n<p>He\u2019s always got the new data, featuring irresistible twists: <\/p>\n<p>One in five students use extra money from their student loans to buy digital currencies. <\/p>\n<p>Nearly 8 percent of students would move to North Korea to free themselves of their debt. <\/p>\n<p>Twenty-seven percent would contract the Zika virus to live debt-free. <\/p>\n<p>All of those surveys came from Cloud\u2019s website, <a href=\"https:\/\/studentloans.net\/\">The Student Loan Report<\/a>. <\/p>\n<p>Drew Cloud\u2019s story was simple: He <a href=\"https:\/\/web.archive.org\/web\/20180420191847\/https:\/\/studentloans.net\/about-contact\/\">founded<\/a> the website, an &#8220;independent, authoritative news outlet&#8221; covering all things student loans, &#8220;after he had difficulty finding the most recent student loan news and information all in one place.&#8221; <\/p>\n<p>He became ubiquitous on that topic. But he\u2019s a fiction, the invention of a student-loan refinancing company.<\/p>\n<p>After The Chronicle spent more than a week trying to verify Cloud\u2019s existence, the company that owns The Student Loan Report confirmed that Cloud was fake. &#8220;Drew Cloud is a pseudonym that a diverse group of authors at Student Loan Report, LLC use to share experiences and information related to the challenges college students face with funding their education,&#8221; wrote Nate Matherson, CEO of <a href=\"https:\/\/lendedu.com\/about\/\">LendEDU<\/a>.<\/p>\n<p>Before that admission, however, Cloud had corresponded at length with  many journalists, pitching them stories and offering email interviews,  many of which were published. When <i>The Chronicle<\/i> attempted to  contact him through the address last week, Cloud said he was traveling  and had limited access to his account. He didn\u2019t respond to additional  inquiries.<\/p>\n<p>And on Monday, as <i>The Chronicle<\/i> continued to seek comment, Cloud suddenly evaporated. His once-prominent <a href=\"https:\/\/web.archive.org\/web\/20180415024307\/https:\/\/studentloans.net\/public-colleges-least-private-student-debt\/\">placement<\/a> on The Student Loan Report had been removed. His bylines were <a href=\"https:\/\/studentloans.net\/public-colleges-least-private-student-debt\/\">replaced<\/a> with &#8220;SLR Editor.&#8221; Matherson confirmed on Tuesday that Cloud was an invention.<\/span><\/p><\/blockquote>\n<p>One hopes that editors at the publications that were taken in by the fraud are busy cutting their reporters new assholes over this one.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you read stories about student loans in new sources like, &#8220;The Washington Post, The Boston Globe, and CNBC,&#8221; you have probably seen quotes from student loan expert &#8220;Drew Crowd&#8221;. The kicker is that Drew Cloud does not exist. He is a fraud promulgated by the student loan firm Lend EDU: Drew Cloud is everywhere. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[397,588,456,490,654],"class_list":["post-179175","post","type-post","status-publish","format-standard","hentry","tag-education","tag-fail","tag-finance","tag-hack-journalism","tag-propaganda"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/179175"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=179175"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/179175\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=179175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=179175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=179175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}