School Loan Corruption More Widespread Than Anticipated

[Guile]

Think twice before picking that lender from the preferred list.

Penn was even among six of the schools who will be reimbursing students a total of $3.27 million for inflated loan prices caused by revenue sharing agreements.

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[baylormed]

Think twice before picking that lender from the preferred list.

Penn was even among six of the schools who will be reimbursing students a total of $3.27 million for inflated loan prices caused by revenue sharing agreements.

Yeah, there was an article in the NY-Times about the ongoing investigations about some of the lenders that tried to "woo" schools to use them exclusively.

 

[MDapp06]

Thanks for the post -- I watched a story on CNN about this issue today.

Props to Attorney General Cuomo for taking a step towards tackling this corrupt system. Hopefully other leaders will follow his example.

mdapp06