Student lenders paid for preferential treatment, report says

Nelnet Inc., the student loan originator, paid almost $1 million to an alumni group at the University of Nebraska and $141,000 to another such organization at Georgia State University in exchange for exclusive referrals, according to a U.S. Senate report. The transactions “improperly constrained” financial-aid officers, who weren’t able to offer students unbiased guidance, according to ...

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Student lenders paid for preferential treatment, report says

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