May 11, 2007
Accountability in the Student-Loan Industry
Recent revelations about abuses in the student-loan industry have been too egregious to ignore. When MyRichUncle publicized the industry's conflicts of interest last summer, we were vilified by lenders and financial-aid officers for "tarring" the financial-aid industry. It turns out that the actions of some financial-aid officials and lenders have tarred their professions more permanently than we ever could.
For the financial-aid officers who have not engaged in questionable practices
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