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Student Loan Controversy in the News

Need to get caught up on the recent investigations into student lending? Overwhelmed with information? Not sure where to start? We’ve selected some articles that illustrate how events have unfolded so far.

March 2007

AG Cuomo releases results of investigation into student lending practices

NASFAA responds to AG Cuomo’s findings (PDF)

Sallie Mae responds to allegations in CBS News’ broadcast:
Article One
Article Two

EASFAA responds to AG Cuomo’s allegations

MyRichUncle responds to claims made in Sallie Mae’s letter to CBS

Many schools surprised to discover MyRichUncle erroneously listed as their Partner Lender" on Princeton Review web site

Princeton Review responds to schools’ complaints about "partner lender" language

April 2007

NY, IL, and MO attorneys general announce settlements with schools, lenders:
Article One
Article Two

Other states begin probes of school-lender relations:
Article One
Article Two
Article Three

Allegations of impropriety continue as investigations proceed:
Article One
Article Two
Article Three
Article Four

Additional lenders adopt codes of conduct:
Article One
Article Two
Article Three
Article Four

AG Cuomo faults Education Department on student loans


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