| Many student alumni associations have
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| | contracts that they hold with lenders are
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| been held up to the flame. Accusations
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| | ethical. The New York legislature passed
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| and findings of guilt affecting student
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| | a bill that keeps universities from
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| alumni associations have been all over
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| | conducting student loan business that
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| the news in the last year. Some student
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| | results in payments or perks from a
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| loan lenders have been caught paying off
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| | lender. The following investigations led
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| university student alumni associations'
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| | down a long trail of conflicts of
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| key players in order to get information
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| | interest. The New York legislature bill
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| about graduates. They have used the
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| | was just the start of the repercussions
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| information and data about students and
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| | that were about to rain down on student
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| student alumni to market certain
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| | alumni associations and student loan
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| financial products directly to them.
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| | lenders.
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| Student alumni associations have been
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| | President Bush signed the bill that
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| steering students and alumni towards
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| | overhauled student aid policies. The bill
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| these lenders for years. In a scheme like
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| | was meant to restore a balance in the
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| this, both student loan lenders and
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| | student loan system by benefiting
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| student alumni associations stand to
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| | students, not lenders and banks. Although
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| benefit. The problem is, students and
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| | many lenders and financial institutions
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| alumni are the ones that get caught up in
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| | saw parts of the bill as unfair, the
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| the trouble that it causes. They end up
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| | decision stood and we were on our way to
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| with student loans and financial products
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| | a better student loan system.
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| that ultimately punish them with high
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| | When you are getting ready to apply for
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| interest rates and terms that are over
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| | financial aid and student loans, make
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| the top.
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| | sure that you do your own research. There
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| The confusion comes in when you consider
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| | are companies out there that offer
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| that many student alumni associations are
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| | products from many lenders, expanding
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| separate entities from the university,
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| | your resources for student loans. You can
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| although many of the people working at
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| | also take comfort in the fact that there
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| the student alumni associations are
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| | are now laws in place limiting the amount
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| university employees. Universities are
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| | of corruption in the student loan system.
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| required by law to be transparent in
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| | Universities found to be involved in any
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| their dealings with students. This
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| | sort of kickback scheme will be punished
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| basically means that they can't push you,
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| | by having less access to federal loan
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| as a student, in a direction that may not
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| | programs, along with other ramifications.
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| be best for you. The story deepens when
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| | Many of the investigations and
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| you consider that most of the people
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| | enforcements of policies have not
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| affected by the misdealings of the
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| | happened yet, but soon they will.
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| student alumni associations are alumni.
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| | Universities and lenders will be held
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| They are no longer students, so they get
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| | will be held accountable for dealings
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| caught in a loop-hole that the student
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| | that resulted in students and alumni not
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| alumni association could get away with.
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| | having their choice of lender as a result
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| Since then, student alumni associations
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| | of the kickback scheme.
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| have been pressed to make sure that any
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