Monday, April 9, 2007

CIT places student-loan unit executives on leave

(Reuters) - New York Attorney General Andrew Cuomo is probing the extent to which universities and their financial aid officials are receiving improper kickbacks from student loan companies in exchange for steering students to lenders.

Cuomo's office said last week it is investigating grants of stock from Student Loan Xpress's holding company to financial aid officers at three major U.S. universities.


Read more at Reuters.com Business News

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