Wednesday, April 11, 2007

College Loan Investigation

You almost can't get through college without a boatload of loans these days.  Unless, of course, you're one of the lucky ones to land scholarships that cover the majority of the costs. This is a story I've not been watching closely, but it has been on my radar screen.  Time to bump it up to where it deserves to be.


College loan scandal "like peeling back an onion"



Besides the actual scandal, where top American universities have been cashing in on the backs of students, what really stands out here is that this investigation is happening at the state level and not the federal level. Now why is it that the feds have no interest in pursuing such a scandal? "Cuomo would not divulge where the burgeoning investigation is headed next, including whether more subpoenas are on the way. But he said the investigation could lead to criminal charges against [...]


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