(Reuters) - Amid a widening conflict-of-interest scandal in the $85-billion student loan industry, Cuomo said, in prepared remarks to be given to a congressional committee, "The failure of the Department of Education to pass adequate regulations is disappointing and irresponsible."
He said: "Our investigation has revealed an unholy alliance between lenders and many trusted institutions of higher education ... Part of the reason the practices we have uncovered have been able to flourish nationwide over the past several years is because the U.S. Department of Education has been asleep at the switch."
Read more at Reuters.com Government Filings News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment