(Reuters) - NEW YORK, April 20 - Student loan provider Nelnet Inc. said on Friday it agreed with the Nebraska Attorney General to pay $1 million for an educational campaign after disclosing improper student loan lending practices.
As the lending industry has come under scrutiny in recent months, Nebraska Attorney General Jon Bruning said on Friday Nelnet came to his office two months ago to disclose some impropoer behavior. Nelnet said it had paid $4,800 in a revenue sharing agreement with a school and paid for a plane ticket for an Albany admissions officer.
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