March 30, 2007
New York Attorney General Accuses Colleges of Deceiving Students on Their Loans
New York State's attorney general, Andrew M. Cuomo, said last week that he intended to sue a student-loan company, Education Finance Partners, alleging that it provided illegal kickbacks to colleges in exchange for steering students to the company.
The planned lawsuit is the first legal step in Mr. Cuomo's five-month-old investigation into what he has called "an unholy alliance" between higher-education institutions and lenders. The attorney general has accused colleges of routinely
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