Student loans

May 2, 2007 -- WASHINGTON, DC—Today, the U.S. Department of Education announced that the National Student Loan Data System (NSLDS) will resume, with added safeguards in place. The database was shut down several weeks ago, after the urging of Chairman Kennedy.    » read more »

Cuomo and Lavalle Advocate For State Legislature to Pass SLATE Act Governing Student Lending

HAUPPAGUE, NY – (May 3, 2007) -- New York Attorney General Andrew M. Cuomo and State Senator Kenneth Lavalle today announced that Dowling College had agreed to the Attorney General’s College Loan Code of Conduct in its student loan practices. Lavalle is Chairman of the State Senate Higher Education Committee and has introduced the SLATE (Student Lending Accountability, Transparency and Enforcement) Act that unanimously passed the State Senate on April 25th.    » read more »

Cuomo Says Department of Education “Asleep At the Switch,” Calls For Immediate Regulation; Cuomo Announces J.P. Morgan Chase and Bank Of America Agreement to Adopt Student Loan Code of Conduct

NEW YORK, NY – (April 25, 2007) -- New York Attorney General Andrew M. Cuomo today testified before the United States House of Representatives Committee on Education and Labor about his nationwide investigation into the student loan industry.    » read more »

April 25, 2007 – “I applaud the state Senate’s swift action today in passing the SLATE (Student Lending Accountability, Transparency and Enforcement) Act to protect college-bound students as they finance their education. In particular, I want to thank Senate Majority Leader Joseph L. Bruno and Education Committee Chairman Kenneth P. LaValle for their leadership in helping root out conflicts of interest in the student-lending industry.    » read more »

Announcement follows conclusion of negotiated rulemaking sessions on student loans

April 24, 2007 -- U.S. Secretary of Education Margaret Spellings today announced the formation of a Task Force on Student Loans to build on the progress and work of the negotiated rulemaking committee on student loans and recommend regulations to the Secretary around key lender issues. The internal task force includes representatives from the Department's Office of Post Secondary Education, Federal Student Aid and Office of the General Counsel.    » read more »

April 23, 2007 -- COLUMBUS – Ohio Attorney General Marc Dann’s investigation into potential conflicts of interest and illegal activity in the student loan industry moved forward today with the Attorney General’s office requesting ‘preferred lender’ lists and related documents from one hundred and eleven Ohio colleges and twenty student loan companies.    » read more »

Washington University in St. Louis Signs Agreements with New York Attorney General and Missouri Attorney General; DeVry University and Career Education Corporation Settle with New York Attorney General and Illinois Attorney General

(NEW YORK, NY) April 23, 2007 - Today New York Attorney General Andrew M. Cuomo announced the first multi-state settlements in his nationwide student loan investigation. Cuomo and Missouri Attorney General Jay Nixon announced an agreement with Washington University in St. Louis, over its student loan practices.    » read more »

Schools To Adopt New College Code Of Conduct

April 23, 2007 -- Chicago – Illinois Attorney General Lisa Madigan announced that she and the New York Attorney General’s Office have reached settlements with Illinois-based DeVry University and Career Education Corporation concerning student loan practices involving the schools and lenders. The settlements require the schools to adopt a College Code of Conduct and to return the money paid by lenders to schools.    » read more »

Cuomo Announces Intent to Sue Drexel University; Cuomo Also Announces Settlements With Four Other Universities: Pace University, Salve Regina University, Molloy College, and New York Institute of Technology

NEW YORK, NY (April 19, 2007) – Today New York Attorney General Andrew M. Cuomo announced the first legal action against a school in his nationwide student loan investigation. Cuomo announced a notice of intent to sue Drexel University in Pennsylvania over its revenue sharing agreements with Education Finance Partners.    » read more »