New Loan Regulations Seek to Curb Abuses

The Education Department last week issued long-awaited regulations governing student loans, including relationships between colleges and lenders.

The regulations, which take effect in July, come at the end of a year marked by Attorney General Andrew M. Cuomo of New York's investigations into the nation's $85-billion student-loan industry.

Among the changes contained in the regulations, lenders handling federally guaranteed loans are restricted from offering colleges gifts in

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