November 9, 2007
Colleges Are Again Asked About Lender Dealings
The U.S. Education Department has sent a second round of letters to colleges that have a high proportion of students borrowing from a single lender, as part of its investigation into possible illegal inducements.
The letters, dated October 24, were sent to 55 colleges, from among a group of 921 that initially received inquiries in June, said Under Secretary of Education Sara Martinez Tucker. Similar letters were also sent to 23 lenders, Ms. Tucker said.
"We're not accusing them
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