Longhorns' Lender Lists

Via New America Foundation, some pretty eye-opening documents (pdf) coming out of Texas. Apparently, The Daily Texan, the University of Texas--Austin student newspaper did some digging into their preferred lender lists and found that “number of lunches, breakfasts, and extracurricular activities for entire OSFS (that’s Office of Student Financial Services) staff” was one of the criteria used to select preferred lenders.

I mean, who wants interest rate reductions and zero fees when you can have “Hula Hut happy hour” or “TX Land and Cattle Dinner”?