A private student loan company agreed to change its ways after being sued by the NY AG for deceptive marketing practices. The company licensed school colors, logos, team names, and and designed its materials to look like the University itself was making the loans. [NYT]

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  1. comopuedeser says:

    Finally someone is standing up for students who have WAY TOO MUCH student loan debt to have to pay back.

    Anyone that can offer opps to help students pay back loans will be the best recruiter on the market these days.

  2. Parting says:

    ”deceptive marketing practices”, wow, isn’t it like fraud?

  3. guroth says:

    It would be fraud if they said they were the school.

    They merely designed their materials to look as though they were the school.

    If I normally drive an old wagon but for a hot date I rent a Porsche then I am being deceptive; if I tell her it is mine then it is fraud.

  4. clocker says:

    “If I normally drive an old wagon but for a hot date I rent a Porsche then I am being deceptive; if I tell her it is mine then it is fraud.”
    And if she believes you, you’re the President.

  5. aikoto says:

    They’re very sorry… that they got caught.

  6. rbb says:

    “The company licensed school colors, logs, team names, and and designed its materials to look like the University itself was making the loans.”

    My school had a log? Damn, where was I during those 4 years…

  7. Nytmare says:

    Florida. They’re always based in Florida.