Story display


ID:

241

Date:

2007-07-16

Headline:

Student Loan Nonprofit a Boon for CEO

Reporter's name:

Amit R. Paley and Valerie Strauss

Delay/denial:

No

Lawsuit:

No

Fees:

No

Media outlet:

The Washington Post

City:

Washington DC

Summary:

The nation's largest student organization urged the Federal Trade Commission last year to stop what the group said were false and deceptive advertising practices by EduCap, a nonprofit student lender. The commission responded that it does not investigate nonprofit groups, according to a letter The Washington Post obtained under FOIA.

Keywords:

student loan industry, Catherine B. Reynolds, EduCap, Internal Revenue Service, New York Attorney General Andrew M. Cuomo, Wells Fargo, Project on Student Debt, United States Student Association

Impact:

Article sparked Rep. George Miller (D-Calif.) to call for a GAO investigation of EduCap.


Agencies:

FTC
GAO

States:

US

Categories:

education


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