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


June 19, 2007
Legislation would replace U.S. advisory panel on accreditation with alternative; lawmakers divided on extent of cuts to lenders.
June 18, 2007
Trustees' group says student loan reform bill would bar presidents and board members from bank boards, but others disagree.
June 15, 2007
As the student loan scandal has unfolded in recent months, college financial aid officers and their advocates have repeatedly dismissed the hysteria as a case of a few bad apples in an ethical orchard. But a report released Thursday by Senator Edward M.
June 7, 2007
The market for private student loans has exploded in recent years, fueled by the growing gap between the price of attending college and the availability of federal grant and subsidized loan funds. And the competition among student loan companies to provide those non-federal loans, occurring at a time of little or no federal regulation, created an environment in which some questionable (if not illegal) marketing practices flourished.
June 6, 2007
As revelation after revelation about real and potential conflicts of interest wrongdoing has battered the student loan industry in recent months, college leaders and higher education groups have largely responded (when they have done so at all) by acknowledging problems -- and proposing possible solutions -- in and around financial aid offices.
June 4, 2007
Joining proposals from Congress and Cuomo, Education Department proposes rules governing lender-college relationships.
June 1, 2007
New York official's settlements with financial aid officers' group and Columbia U. give him watchdog role years into the future.
May 22, 2007
Officials at Columbia and Johns Hopkins lose their jobs in fallout from student loan scandal.
May 16, 2007
University that vowed to fight New York attorney general on student loan practices backs down and settles instead.
May 15, 2007
U. of Texas financial aid director, fired by the institution, is first campus official to lose job in student loan inquiry.


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