December 12, 2007

N.Y. Attorney General Announces Settlement With Lender That Had Agreements With 63 Athletics Programs

Lender Agrees to Sever Ties to 63 Athletics Programs 1 Enlarge Photo
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By Brad Wolverton

Andrew M. Cuomo, New York State's attorney general, announced a settlement on Tuesday with a lender accused of deceiving thousands of students and providing financial kickbacks to some of the country's biggest athletics departments.

Under the settlement, the company, Student Financial Services, agreed to sever its lending arrangements with 63 colleges, including Georgetown University, the University of Kansas, and the University of Pittsburgh. Those agreements included the

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