Student Loans And Preferred Lenders

In the wake of the current financial aid scandal some pretty serious accusations and findings range under ones p be been released to the public’s attention. This scandal is like many a(prenominal) we find oneself today fill with lies and deception. This though is not my righteous argument. As the scandal continues to unfold, implementations argon being made in devote to reduce putridness and bring back structure to the system. The query of whether or not to get rid of the “preferred bestower” magnetic dip is the problem. This reheel is contains the names of preferred lenders of learner loans. The moral issue of how and wherefore companies’ names are displace on the attend is the moral argument. I personally tonicity that just because some puzzle tainted the validity of the list that the idea itself still has full(a) intentions. This part was brought to light by the impertinently York Attorney General, Andrew Cuomo’s . Cuomo’s office received much of its data from the New the States Foundation in Washington, D.C. Through this investigation they receive open a number of troubling ties betwixt companies that loan students gold and college financial aid officers, who are supposed to order students unbiased advice on borrowing options ( AP CNN 2007). The center of controversy in this case is the “preferred lender” lists that are used by many colleges. “Listed lenders should naturally stand out for their ability to abide students with the least(prenominal) expensive and most comprehensive financial options” (Scholarships 2007). Students often subdue out advice from college financial aid advisers and are guided by these lists. This list can be a make or shift key for a lender depending on if they are on it or not. In the recent weeks new development has emerged linking financial ties between lenders and colleges and even individual school adminis trators though standards seem to have not ch! anged. These arrangements have raised concerns slightly conflicts of interest. Shaw and Barry (2007)define...If you want to get a full essay, order it on our website: OrderEssay.net

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