Senate Report Details Alleged Student Loan Company Enticements
69494
One student loan company took university financial aid directors on a junket to Disney World. Another paid $500 to be placed on a school's list of recommended lenders. And others showered tequila, wine and golf outings on college aid officers.
756551
The 79-12 roll call Friday by which the Senate passed a student loan bill.
174408
Sallie Mae said yesterday that the Education Department is investigating its billing practices and that its business of issuing loans subsidized by the federal government will be significantly less profitable because of changes by Congress.
71921
New York Attorney General Andrew Cuomo said on Wednesday he is widening a probe of the student-loan industry to target underwriting standards, prompting lawmakers at a U.S. Senate committee hearing to raise questions about possible discriminatory red-lining.
140263
Fourteen firms are under scrutiny for possible accounting fraud, insider trading or other violations tied to loans made to borrowers with weak, or subprime, credit.
695107
The Senate overwhelmingly approved a wide-ranging overhaul of student loan programs early today that would pay for more than $17 billion in grants and other student aid by slashing subsidies to lending companies.
145818
A state grand jury has handed down an indictment regarding the use of prostitutes to entice football recruits to the University of Colorado, according to a published report.
753621
WASHINGTON -- The Federal Bureau of Investigation on Tuesday said it is investigating 14 companies for possible fraud or insider trading violations in connection with loans made to risky borrowers, and investments spun off of those loans.
333468
LAST WEEK, congressional Republicans proposed legislation to close loopholes in student loan laws that -- as we said on Sept. 10 -- have allowed lending institutions to make extraordinary, unwarranted profits
124068
One in five student borrowers passes up a less expensive federal student loan in favor of private lenders, according to a recent study.
698978
A US Senate committee chaired by Senator Edward M. Kennedy looking into potential conflicts of interest in the student loan industry cited Citizens Bank yesterday for the "lavish meetings" it funded for the members of its advisory board on student loans, which included representatives of several prominent local and national universities.
550043
Commercial education companies are offering student loans as they scramble to ensure a steady stream of college-level students amid the credit squeeze.
146536
Student lending company SLM Corp , or Sallie Mae, said on Wednesday the U.S. Securities and Exchange Commission is investigating the company's disclosures in December 2007, before and after executives and directors traded in its stock.
446100
ABUJA, Nigeria, Sept. 7 -- President Olusegun Obasanjo sent the Senate a report by a state  anti-corruption agency accusing his deputy of diverting millions of dollars in public funds to private business concerns, officials said Thursday.
124379
Investor groups sounded alarms yesterday after it emerged that a foundation with ties to a pair of well-heeled business donors and an executive battling civil charges had funded a controversial new report seeking to slash corporate regulation.
172060
The U.S. House of Representatives voted 273-149 on Wednesday to slash federal subsidies paid to college student-loan companies, such as Sallie Mae and Citigroup Inc, by $19 billion and boost grants to students, ignoring a White House veto threat.
653877
A secret list of nearly 50 universities and colleges at risk of financial failure has been drawn up by government officials, the Guardian has learned.