The New York Times is reporting that Columbia University will pay $1.1 million into a fund to educate students about loans, and will have its student loan office monitored by the state of New York for 5 years under the terms of a settlement that NY Attorney General Andrew Cuomo announced yesterday.

In related news, the financial aid director of USC Catherine C. Thomas, has announced her retirement today. USC said in a statement, “that Ms. Thomas’ actions were “inconsistent with USC’s conflict of interest policy” and that it was continuing to investigate.”

The financial aid directors are still dropping like flies… —MEGHANN MARCO

Columbia Settles Student Loan Case [NYT via Gothamist]
(Photo:James Estrim/ NYT)

PREVIOUSLY: College Financial Aid Directors Are Dropping Like Flies

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