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Cuomo Discusses Student Loan Ethics

Saturday, May 19, 2007 6:39:19 PM
By NANCY ZUCKERBROD

New York Attorney General Andrew Cuomo, left, accompanied by House Education and Labor Committee Chairman Rep. George Miller, D-Calif., talks to reporters on Capitol Hill in Washington, in this April 25, 2007, file photo. An investigation by New York Attorney General Andrew Cuomo called into question whether students really get honest advice from college officials who are supposed to help them navigate the maze of financial aid. Cuomo's investigation and The New America Foundation, a think-tank, have exposed conflicts of interest among a handful of financial aid officers and loan companies. (AP Photo/Lauren Victoria Burke, file)  WASHINGTON (AP) - New York's attorney general criticized college financial aid officials Saturday for proposing a code of conduct he said fails to curb abuses in the student loan industry his office has uncovered.

Andrew Cuomo, whose office has investigated the industry for months, made his views known in a letter to the group that represents aid officers.

"The code you have proposed is inadequate in that it does no more than recite vague, lofty goals of generalized ethical behavior," Cuomo wrote Dallas Martin, president of the National Association of Student Financial Aid Administrators.


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