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Colleges / Financial Aid / Loan Scandal #869226

NBC Evening News for Thursday, May 10, 2007
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(Studio: Brian Williams) Report introduced.

(Washington: Lisa Myers) The investigation into accusations that student loan providers paid colleges and officials to steer business to them reviewed; details given about the involvement of the bank JPMorgan Chase and the suspension of Columbia University’s head of financial aid. [New York attorney general Andrew CUOMO†- says big money was made at the expense of students.] [Columbia student Raphael GRAYBILL†- reacts.] [To Representative George Miller at a Congressional hearing, Education Secretary Margaret SPELLINGS – defends her department.]

Reporter(s):
Williams, Brian;
Myers, Lisa
Duration:
00:02:20

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