Student Loan Industry Faces New Rules From Education Dept.

November 1, 2007
Maria Glod
"In recent months, federal and state investigations have found conflicts of interest among lenders, univer-sities and government regulators. As a result of New York Attorney General Andrew M. Cuomo's far-reaching investigation of the industry, a dozen lenders have agreed to pay $13.7 million to the National Education Fund, which helps families navigate the loan process."