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

Archive

January 15, 2008
Contractual relationships with corporations have tarnished higher education's public image. College presidents and trustees must work to restore it, writes Constantine W. Curris.
January 3, 2008
After a year in which it dominated the headlines, the student loan “scandal” has lost its head of steam. New York Attorney General Andrew Cuomo has largely moved on to other areas of interest. And the U.S. Senate and House of Representatives, which have each passed different Sarbanes-Oxley-like versions of legislation to address the issue, have also taken up other matters for now.
December 12, 2007
After months of silence on student loans, Cuomo announces another settlement, unveils new code of conduct, and warns Congress not to dally on Higher Education Act reforms.
November 1, 2007
Education Secretary Margaret Spellings continues to try to counter the twin perceptions of her Education Department as lax on enforcement on the one hand and inappropriately meddling in the affairs of colleges on the other.
October 3, 2007
Let's say you're a financial aid director (with his or her trusty lawyer in tow) at a college in New York State, and you're deciding what practices should govern your future dealings with students and loan providers in the highly charged climate in the wake of last spring's student loan scandal. The general principle is obvious -- less interaction, much more disclosure -- but on specifics, questions arise. Do we continue to have a preferred lender list, and if so, how many lenders should be on it?
September 21, 2007
Several dozen association and campus officials meet in Washington in acknowledgment that loan scandal has implications across the campus landscape.
September 5, 2007
Senate student loan report is short on new charges, but fleshes out evidence that colleges often solicited benefits they got from lenders.
September 4, 2007
Education Dept. reviews of colleges where most loans go to one lender reportedly find no problems at Middlebury and Lawrence Tech.
August 14, 2007
International educators respond to high-profile allegations that perks they receive could play a role in their choice of offerings to students.
August 14, 2007
Scores of colleges, lenders and others comment on proposals to change U.S. rules governing student loan programs and college-lender relationships.

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