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Subject The student-loan scam

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Original Message ...Securities and Exchange Commission documents revealing that financial aid directors at three prominent universities — as well as a senior official at the U.S. Education Department — each had significant personal investments in a private student-loan company
...
Every company wants to be a college's "preferred lender," competing fiercely to get on such lists. But the dirty little secret of the guaranteed student-loan market is how concentrated it is: Only 32 lenders hold 90% of the loan volume. What's more, the Education Department has found that at about 300 colleges, one lender controls 99% of the loan volume — essentially holding a monopoly on those campuses.

more:
[link to www.latimes.com]

This is so wrong on every level. Students saddled with high-interest loans and the directors taking kick-backs to work in the lender's best interest not the student's.
Unreal

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