Schools adopt code for student lending in wake of Cuomo inquiry on revenue-sharing

Parents Forum
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<p>
[quote]
A new code of conduct for loan arrangements adopted by three dozen schools and a student loan provider "will ensure integrity in the student loan process," state Attorney General Andrew Cuomo said Monday.</p>

<p>Six of the schools have also agreed to reimburse students a total of $3.27 million. And Citibank, which does business at about 3,000 schools, agreed to put $2 million toward a national fund that would educate students and parents about the financial-aid industry.</p>

<p><a href="http://timesunion.com/AspStories/story.asp?storyID=577494&category=STATE&BCCode=&newsdate=4/3/2007&TextPage=2%5B/url%5D"&gt;http://timesunion.com/AspStories/story.asp?storyID=577494&category=STATE&BCCode=&newsdate=4/3/2007&TextPage=2&lt;/a&gt;&lt;/p>

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<p>
[quote]
Education Finance Partners, a student loan company that investigators found had paid at least 60 colleges and universities across the country for steering students to its loans, has agreed to pay $2.5 million to resolve an investigation of its practices by the New York attorney general, according to lawyers who have taken part in the negotiations.</p>

<p>The company, based in San Francisco, is now the third lender to reach such a deal with Andrew M. Cuomo, the attorney general, and to agree to change some of the ways it seeks business from universities.</p>

<p><a href="http://www.nytimes.com/2007/04/16/education/16direct.html?_r=1&oref=slogin%5B/url%5D"&gt;http://www.nytimes.com/2007/04/16/education/16direct.html?_r=1&oref=slogin&lt;/a&gt;&lt;/p>

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<p>
[quote]
...all 29 four-year State University of New York campuses, including University at Albany, New York University, University of Pennsylvania, St. John's University, Syracuse University, Fordham University, St. Lawrence University and Long Island University

[/quote]
Penn is now part of SUNY?</p>

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<p>^^^^ Yes, they could have used a copy editor up there at the Times Union.</p>