Wednesday, March 11, 2009

Student Loan Ponzi Schemes

Nevada's Attorney General recently issued a press release warning students about student loan "ponzi" schemes involving sham for-profit colleges and complicit lenders.*

Meanwhile, Higher Ed Watch describes a recent consumer victory against KeyBank for the exact lending practices that the Nevada AG warns against.

* hat tip to Student Lending Analytics, a great blog for staying up to date on student loan issues.

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