September 7, 2007
College Board Drops Student-Loan Program
The College Board has announced that it will leave the federal student-loan program in the fall, saying new restrictions placed on lenders in the wake of the student-loan scandal have made it difficult for officials of its member institutions to attend its meetings.
The new rules prohibit lenders from reimbursing members of their advisory boards for travel or lodging expenses. The College Board, a nonprofit membership organization of schools and colleges, routinely convenes meetings of
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