Sallie Mae Said to Talk to Suitors
The nation’s largest lender to college students is in talks to be taken private in what could be a $20 billion deal.
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College Administrator’s Dual Roles Are a Focus of Student Loan Inquiry
Walter C. Cathie’s roles as university official and entrepreneur have made him an example of how administrators have become cozy with lenders.
View ArticleA Lender Sought Favor at College, Papers Say
A top executive of a student loan company asked Capella University to re-order its list of recommended lenders, according to documents being reviewed by Senate officials.
View ArticleLENDER WOES
THE flameout of the radio host Don Imus dominated the discourse this week, but there was other intrigue, including what Dow Chemical said were unauthorized merger talks held by two of its officials and...
View ArticleU.S. Is Lax on Loans, Cuomo Says
New York’s attorney general accused the federal Education Department of being lax in regulating the student loan industry.
View ArticleEducation Dept. Starts Inquiry Into Possible Loan Conflicts
The inspector general will investigate potential conflicts of interest that may have led to lax oversight of the student loan industry.
View ArticleSpellings Rejects Criticism on Student Loan Scandal
Education Secretary Margaret Spellings argued at a House hearing that she lacked legal authority to clamp down on many abuses in the student loan industry.
View ArticleU. of Texas Fires Officer Over Tie to Loan Company
The University of Texas has fired the director of financial aid at its Austin campus for improper conduct.
View ArticleColumbia Fires Its Director of Student Aid
Documents showed that David Charlow avidly promoted a student loan company in which he had a financial stake.
View ArticleColumbia to Pay $1.1 Million To State Fund in Loan Scandal
Columbia University will pay $1.1 million to a fund to educate students about loans and has agreed to have its financial aid office monitored by state officials for five years, under a settlement that...
View ArticleReport Details Deals in Student Loan Industry
A Senate report showed that gifts and payoffs to universities and their officials by student lenders were far more pervasive than had been disclosed.
View ArticleLessons From the Loan Scandal
Takeaway advice about where to borrow, how to borrow and how to avoid borrowing.
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Fewer Options Open to Pay for Costs of College
Student loan companies are in turmoil and banks are tightening their standards and raising rates, making it harder for families to use multiple financing sources.
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A Lender Gets Caught in the Currents
The story of CIT illustrates the perils awaiting any firm that jumps into seemingly lucrative new arenas at the expense of focusing on markets that it knows and understands best.
View ArticleStudent Loans Start to Bypass 2-Year Colleges
Some of the nation’s biggest banks have cut off students at community colleges and other less competitive schools.
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Columbia Settles Student Loan Case
Columbia University will also submit its student loan operation to monitoring by the attorney general.
View ArticleColumbia to Pay $1.1 Million To State Fund in Loan Scandal
Columbia University will pay $1.1 million to a fund to educate students about loans and has agreed to have its financial aid office monitored by state officials for five years, under a settlement that...
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Columbia Settles Student Loan Case
Columbia University will submit its student loan operation to monitoring by the attorney general of New York State and pay $1.1 million to a fund to educate students about loans.
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Arbitration Everywhere, Stacking the Deck of Justice
With a clause in complex contracts that few people read, corporations have insulated themselves from lawsuits and locked Americans into a system where arbitrators overwhelmingly favor business.
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