Exact(11)
And the colleges themselves can no longer be paid by the lenders to steer students to student loans.
That prior investigation found instances of lenders offering various perks to aid officials and to colleges as an incentive to steer students to particular lending companies.
Some loan companies have criticized preferred-lender lists, contending that college officials steer students to particular lenders in exchange for payments or other benefits.
The states are focusing, to a degree, on issues similar to those raised in the national student loan scandal of the spring: lax oversight and, in Iowa, whether incentives to colleges led them to steer students to Iowa Student Loan.
While co-op programs can theoretically steer students to any corner of the earth, part-time internships are limited by geography (read: fewer opportunities at a college in a cornfield) and are more vulnerable to downturns in the economy.
That investigation found that some colleges received payments from individual lenders, based on how much students borrowed from that lender; the arrangements gave the colleges an incentive to steer students to particular loan companies.
Similar(49)
Bank of America has phased out its "Campus Edge" student account and instead steers students to e-Banking, an account that waives a monthly $8.95 fee as long as the account holder uses ATMs for transactions (rather than a live teller) and agrees to receive electronic statements.
According to people who have worked inside the lead generation industry, this particular bait and switch scam steers students to schools operated by Kaplan, ITT, Corinthian, Bridgepoint, the University of Phoenix, Career Education Corp., EDMC, and others.
Roughly 20 years ago, national leaders launched an education reform movement designed to steer more students to college.
He issued subpoenas and filed lawsuits to stop lending companies from paying college officials to steer students in their direction and got the industry to agree to a national code of conduct.
Now, looking for more value on the remaining dollars, Governor Scott and Republican lawmakers are prodding Florida's 12 state universities to find ways to steer students toward majors that are in demand in the job market.
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