March 29, 2007 Department of Education Letter re Choice of Lender 

Pre-Decisional Draft Regulations--Department of Education Negotiated Rule-Making

34 CFR Sec.682.212 and 682.603--FFEL--Institutional Preferred Lenders--Prohibited Transactions, and 34 CFR Sec. 682.200 and 682.401(e)--Prohibited Inducements  

Proposed Legislation

S. 486 "Student Loan Sunshine Act" 

Related Activity

March 21, 2007     Senator Kennedy Letter to Lenders Requesting Information on Relationships with Schools 

March 29, 2007     Chairman of House Education and Labor Committee Requests Information from Lenders on Student Loan Activities 

April 11, 2007      Senator Kennedy Letter to Securities and Exchange Commission 

NEW YORK ATTORNEY GENERAL DOCUMENTS and PRESS RELEASES

Documents

February 1, 2007 Letter to 60 Institutions Seeking Information on Preferred Lender Programs 

March 22, 2007 Proposed Notice of Litigation to Education Finance Partners (EFP) 

March, 2008 Letter Sent to Presidents of New York Institutions and Selected Other Institutions 

Proposed Settlement Agreement Sent to Selected Institutions re Alleged Illegal Practices Concerning Preferred Lenders 

April 11, 2007 Assurance of Discontinuance--Sallie Mae 

Press Releases

February 1, 2007

ATTORNEY GENERAL ANDREW CUOMO LAUNCHES BROAD EXPANSION OF INVESTIGATION INTO POTENTIAL CONFLICTS OF INTEREST IN THE STUDENT LOAN INDUSTRY 

March 15, 2007

ATTORNEY GENERAL ANDREW CUOMO REVEALS DECEPTIVE PRACTICES IN THE COLLEGE LOAN INDUSTRY; SENDS LETTERS TO MORE THAN 400 COLLEGES AND UNIVERSITIES CAUTIONING THEM OF POTENTIAL CONFLICTS OF INTEREST; ADVISES COLLEGE-BOUND STUDENTS TO PROTECT THEMSELVES 

March 22, 2007

ATTORNEY GENERAL ANDREW CUOMO ANNOUNCES FIRST LEGAL ACTION IN COLLEGE LOAN INDUSTRY INVESTIGATION 

April 2, 2007

ATTORNEY GENERAL ANNOUNCES LANDMARK STUDENT LOAN AGREEMENTS – SCHOOLS TO ADOPT NEW COLLEGE CODE OF CONDUCT AND REPAY STUDENTS 

Other Items

Student Lending Brochure

College Loan Code of Conduct 

New York General Business Laws Section 340 and 350 (Consumer Protection from Deceptive Acts and Practices) 

New York Consolidated Laws, Artice 5, Sections 60 - 74 (General Duties of Attorney General) 

NASFAA DOCUMENTS

NASFAA Statement of Ethical Principles 

NASFAA Mongraph:  Guide to Developing a Preferred Lender List 

March 19, 2007   Letter to NY Attorney General Andrew Cuomo 

MEDIA COVERAGE

February 16, 2007  New York Asks 60 Colleges to Explain Ties to Lenders (Chronicle of Higher Education) 

March 13, 2007      Change of Heart on Lender Oversight (InsideHigherEd.com) 

March 16, 2007      "Deceptive Practices" in Loan Industry (Inside HigherEd.com) 

March 23, 2007      Taking on Lenders and Colleges (Inside HigherEd.com) 

March 30, 2007     New York Attorney General Accuses Colleges of Deceiving Students on Their Loans
                           (Chronicle of Higher Education) 

April 2, 2007          Cuomo Takes Aim at Colleges (InsideHigher Ed.com) 

April 3, 2007         The First Dominos Fall (InsideHigherEd.com) 

April 6, 2007         U.S. Officials Scrutinize Colleges' Deals with Lenders (Chronicle of Higher Education) 

April 5, 2007         Cuomo's Smoking Gun (InsideHigherEd.com) 

April 7, 2007        Student Loans:  Ethics Before Stock Options (The Washington Post) 

April 10, 2007      Loan Scandal Escalates (InsideHigherEd.com) 

April 10, 2007      Probe of Colleges' Relationships with Lenders Expands to 3 More College Officials
                         (Chronicle of Higher Education) 

April 11, 2007      Advisory Boards That Include College Officials Are Common But Most Offer No Pay
                          (Chronicle of Higher Education) 

April 13, 2007      Investigation of Lenders' Ties to Colleges Expands (Chronicle of Higher Education) 

April 12, 2007     Cuomo Bags a Big One (InsideHigherEd.com) 

April 12, 2007     Sallie Mae Will Pay $2 Million in New York Investigation of Lenders' Practices
(Chronicle of Higher Education) 

April 13, 2007     Shaking Up Loan Industry (InsideHigherEd.com)