Wednesday, April 11, 2007

Kennedy seeks US SEC probe of student loan deals

(Reuters) - Kennedy, a Massachusetts Democrat, said an inquiry by his staff into connections between lending firms and university financial aid officers has revealed a "pattern of back-room dealing that has no place in financing higher education."

Expanding on questions already being asking by others about ties between lenders and financial aid officers, Kennedy is asking for a Securities and Exchange Commission investigation.


Read more at Reuters.com Government Filings News

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