{Student} Loan Probe Examines Athletics (WaPo.com) {Andrew Cuomo, NYAG}

[eppur_se_muova]

Georgetown, Howard, Va. Tech Among Schools Scrutinized

By Eric Prisbell
Washington Post Staff Writer
Thursday, August 2, 2007; Page E03

The New York attorney general's office is investigating whether dozens of college athletic programs, including those at Georgetown, Howard and Virginia Tech, steered athletes to a student loan lender in return for perks and other financial incentives.

New York Attorney General Andrew M. Cuomo (D) announced yesterday that he had served 40 universities with subpoenas and requests for documents in a move that will expand Cuomo's already far-reaching investigation into the student loan industry. The lender in question, Student Financial Services, Inc. (SFS), which does business under the name University Financial Services (UFS), was also subpoenaed as part of the investigation.

"Students trust their university's athletic departments because so much of campus life at Division I schools centers around supporting the home team," Cuomo said in a statement. "To betray this trust by promoting loans in exchange for money is a serious issue, especially when Division I schools already generate tremendous revenue from their student athletes."
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Among the other prominent schools subpoenaed were Auburn, Georgia Tech, Marquette, Oregon State, Rutgers, Texas Christian, UCLA, Kansas, Louisville, Oregon, Pittsburgh and South Florida.
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more: http://www.washingtonpost.com/wp-dyn/content/article/2007/08/01/AR2007080102160.html