College Board Settles Probe into Kickback Scheme

The College Board, best known for designing and administering SAT and Advance Placement tests, today settled an investigation into charges that it swapped favorable pricing for its services to colleges in exchange for the colleges favorably marketing its student loan products under the heading "preferred lender" -- a category that a wide ranging probe into industry practices found was often was unrelated to any favorable loan rate. The settlement was announced by the Attorney Generals of New...Full Story
Commenting on this article is closed.