Columbia aid officer faces scandal
Most loan-burdened college students expect help from their financial aid officers. Few expect those officers to line their pockets with profits from the loan companies they recommend to students.
But that is exactly what happened at Columbia University, where Executive Director of Financial Aid David Charlow allegedly collected more than $100,000 from the sale of stock of Student Loan Xpress, which his office had endorsed as a preferred lender. Financial aid officers at the University of Texas, Austin, and the University of Southern California have also been implicated in the...
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