October 27, 2008
Iowa Loan Agency Favored Profits Over Students, Report Says
Iowa’s state-run student-loan agency repeatedly gave borrowers false and misleading information about their loan options while paying employees bonuses if they steered students into more-costly alternatives, the state’s attorney general has concluded.
The attorney general, Thomas J. Miller, wrote in an 88-page report to the governor that the Iowa Student Loan Liquidity Corporation
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