student lending fiasco
What criteria do student loan companies use when determining which students to give loans to and how much to give? Don't know? Neither does New York Attorney General Andrew Cuomo, but we're pretty sure he's going to find out. From the NYT:
"What criteria are they using in the underwriting of these loans?" Mr. Cuomo asked. "Parental income? Student income? Student creditworthiness? How about the school you attend? How is that weighted?"
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lending
An investigation into student lending practices by New York Attorney General Andrew Cuomo could lead to criminal charges being filed, he says.
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loans
Eight universities agreed to stop accepting kickbacks from Citibank for private loan referrals, and five agreed to refund a total of $3.27 mil to thousands of students, following an investigation by NY Attorney General Andrew Cuomo (pictured).
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Consumerist
