Sallie Mae, the nation’s largest student loan provider, has accepted a settlement with New York’s attorney general, Andrew M. Cuomo, in which it will pay $2-million and stop a series of practices designed to lure colleges into signing up their students as borrowers.

The agreement commits Sallie Mae to the same code of conduct that Mr. Cuomo negotiated last week with Citibank and 35 colleges, mostly in New York.

The agreements prohibit situations in which the lenders share revenues or otherwise make other payments to the colleges or their administrators, and requires the colleges and lenders to fully disclosure the terms of their relationships. Those relationships are at the center of a widening scandal of lenders’ questionable ties to colleges.

Sallie Mae, in a written statement, said it was pleased that Mr. Cuomo had “recognized Sallie Mae’s leadership in the student-loan industry and our ethical market practices with students and schools.” —Paul Basken