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Posted inAccountability

Some nonprofit student lenders accused of misconduct

As the cost of college continues to skyrocket, students are increasingly seeking loans from nonprofits — state-based organizations often viewed as an attractive alternative to for-profit lenders synonymous with Wall Street excess. But some nonprofit student lenders have been dogged, like their for-profit competitors, by allegations of misconduct. Nonprofit lenders in at least 10 states […]

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