New York’s new Attorney General, Andrew Cuomo, has some big shoes to fill. Governor Eliot Spitzer, during his time as New York AG, was a very busy bee.
It looks like Cuomo has found a juicy scandal to sink his teeth into — one with possible implications for many of the law students among you. From the NYT:
The directors of financial aid at Columbia University, the University of Texas at Austin and the University of Southern California held shares in a student loan company that each of the universities recommends to student borrowers, and in at least two cases profited handsomely.
The personal stake of the three university officials in the company, now known as Student Loan Xpress, is the latest revelation in an expanding investigation by Attorney General Andrew M. Cuomo of New York into the relationships between student loan companies and universities. Student Loan Xpress is one of the “preferred lenders” recommended at all three universities.
Some interesting info from a tipster, after the jump.