August 3, 2007
College Loan Corp. Settles With Cuomo
The College Loan Corporation, the nation's seventh-largest provider of student loans, has reached a settlement with Andrew M. Cuomo, attorney general of New York, over its lending practices.
As with past agreements that Mr. Cuomo has reached with colleges and lenders, the San Diego-based company has agreed to stop offering "various perks to school financial-aid offices and gifts to their personnel in order to be selected as a preferred lender by these institutions," Mr. Cuomo said in a
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