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Colleges / Student Loans / Loan Officers #856850

ABC Evening News for Thursday, Apr 05, 2007
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(Studio: Charles Gibson) College Board statistics on aid to college students cited.

(New York: Dan Harris) The investigation into practices by loan officers at three prestigious schools {Columbia University, University of Texas and USC} with the company Student Loan Xpress examined; details given about how the three schools put it on a list of loan companies recommended to students. [On the street, two STUDENTS - react.] [New York attorney general Andrew CUOMO†- calls it indefensible and a conflict of interest.] Examples cited of benefits given to college loan officers by loan companies. [National Assn. of Student Aid Administrators Larry ZAGLANICZNY†- blames Cuomo for inflammatory rhetoric.]

Gibson, Charles;
Harris, Dan

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