November 1, 2007
Education Department Seeks More Information From 55 Colleges on Dealings With Student Lenders
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 Sara Martinez Tucker, the under secretary of education. Similar letters were also sent to 23 lenders, Ms. Tucker said.
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