AGs Reach Settlement As Part Of Student-Loan Probe

Law360, New York (December 8, 2008, 12:00 AM EST) -- The College Board, a nonprofit association best known for administering the SAT college admission exam, has agreed to pay $675,000 to resolve an investigation into whether it gave discounts and provided perks to colleges across the United States in order to entice those schools to put its loans on their “preferred lender” lists.

Under the settlement, announced Monday by New York Attorney General Andrew M. Cuomo and Connecticut Attorney General Richard Blumenthal, the College Board will use the money to provide a set of tools to...
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