The Loan Scandal

The Loan Scandal

Recent Opinions

Views • January 15, 2008 Reclaiming Our Birthright
Views • January 3, 2008 What's Ahead on Student Loans in 2008
Views • July 10, 2007 The Shamrock Principle
Views • July 6, 2007 More Than Band-Aids


June 22, 2009
For two years, ever since New York Attorney General Andrew M. Cuomo began hitting up lenders and colleges for six- and seven-figure payments to settle accusations that they had violated state laws with their student loan practices, his critics have wondered what he planned to do with the millions of dollars he's collected.
December 9, 2008
Cuomo examines lender's relationships with athletics departments; GAO criticizes U.S. oversight of inducements to colleges; Senate panel backs bill on private loans; EduCap shrinks.
October 27, 2008
As student loan providers look back now on the nearly daily accusations of improper marketing to colleges and students that they endured in 2007, many of them grumble that for all the charges of questionable behavior, critics like New York Attorney General Andrew M. Cuomo failed to prove that any students were directly hurt by what they did.
September 10, 2008
After months of relative silence on student loans, New York's attorney general reaches settlements with lenders (valued at $1.4 million) over their marketing directly to borrowers.
August 12, 2008
A new crop of online student lending services is approaching its first full semester in business. Will the "people to people" model catch on as a new source of alternative loans?
March 12, 2008
Lenders are feeling the pain. But as federal officials and traditional colleges minimize impact on students, career college backers bemoan effects and predict damage will spread.
March 4, 2008
Advocacy group's analysis of expanding alternative loan market suggests that high prices are just part of the picture.
February 18, 2008
In accord that largely endorses previous changes, independent "monitor" will oversee state agency's activities for a year.
January 28, 2008
Higher education group's statement on individual and institutional conflicts avoids prescription of what colleges should and shouldn't do.
January 23, 2008
Lenders' plans to end loans to some students at for-profit colleges are first clear signs of downturn's impact on higher ed; some fear damage will grow.


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