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New Choice Requirement on Student Loans May Break Near-monopoly Lenders Have at 55 Schools

by Charles Dervarics , November 29, 2007

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In another effort to promote accountability on student loans, department officials said they are holding monthly meetings with the Federal Trade Commission on student loan complaints from consumers.

After focusing on preferred lender lists, Cuomo recently said his office will broaden its investigation to include misleading or aggressive tactics used by loan companies who market to students and parents.

--Charles Dervarics

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