Thursday, 14 June 2007

Senate panel alleges student lender abuses

(Reuters) - Johns Hopkins reached the settlement with New York Attorney General Andrew Cuomo. Twenty-six schools and seven lenders, including Sallie Mae, JPMorgan Chase and Bank of America, have sealed similar pacts with Cuomo.




The report by the Senate education committee -- which raised questions about relationships between lenders and Texas Tech, UCLA and William and Mary, among many others -- added to previous investigative findings in a scandal that has engulfed the $85 billion student-loan business.


Read more at Reuters.com Government Filings News

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