Hot Document: Preferred Lenders
Written by Bwog Staff
Yes, we’re ripping off a Slate feature. Get over it.
We learned last week that Financial Aid Director David Charlow had been making some strategic investments with his money—specifically, $100,000 worth of stock in StudentLoanXPress, which was on Columbia’s list of lenders that it recommended to students financing their education. Since then, the company has been removed from the list, and Charlow has dropped off the face of the earth (Bwog received an e-mail from Dean Eleanor Daugherty of Student Affairs warning us not to try to contact her former colleague). Although apparently kickbacks from lenders to college administrators is not exactly new.
We did find the PDF comparing all the loan programs before StudentLoanXPress disappeared, and if you haven’t had to wade through the financial aid system, it’s pretty befuddling. A glance at the lower right hand corner, however, seems like a clue to the problem…