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Johns Hopkins Pays $1.1M In Student Loan Probe

Law360 (June 14, 2007, 12:00 AM EDT) -- Johns Hopkins University has reached an agreement to shell out more than $1 million to financial aid education programs following an investigation by the New York Attorney General’s Office into anti-competitive student loan activities at the university.

Johns Hopkins also consented to implement a new code of conduct related to student loans, and to do annual report for the next five years on its student loan practices, according to university's Thursday announcement of the settlement.

The school denied that it had breached New York law....
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