We
highlighted
the problems of predatory lending industry a few weeks ago and now, problems
are coming to light with the student loan industry. In one of the more
egregious examples, Student Loan Express, a student loan company that is a
unit of CIT Group, Inc, is alleged to
have paid
more than $21,000 for Johns Hopkins University's director of student
financial services to attend graduate school. Coincidentally (or not),
Student Loan Express happens to be on the preferred lender list at Johns
Hopkins.