Student Loan Ponzi Schemes

March 11th, 2009 | Category: Uncategorized

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.

Posted by Erin Dillon at 9:19 am | No Comments

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