Friday, July 20, 2007

UPDATE 1-College Loan Corp. settles with New York State

(Reuters) - The state said CLC offered various perks to school
financial aid offices and their personnel. In exchange, the
lender would win a coveted spot on the school's preferred
lender list.




Among other favors, CLC sponsored advisory boards that
provided meals, entertainment and travel for school personnel,
the state said. CLC also provided personnel to work in
financial aid offices during busy periods, printed materials at
no charge and staffed financial aid call centers.


Read more at Reuters.com Government Filings News

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