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Regents To Consider Rules Barring Campus Payments From Student Loan Companies

UW Students Took Out $592M In Loans In 2006

Updated: 1:45 pm CDT June 4,2007

MADISON, Wis. -- University of Wisconsin regents are expected to consider a plan this week that would bar campuses from accepting payments from student loan companies in exchange for recommending them to borrowers.

The regents asked UW System leaders to develop such a plan after an investigation by New York's attorney general uncovered unethical relationships between universities and lenders nationwide.

UW System spokesman David Giroux said that the policy could serve as a model for other states and may be among the strongest in the nation.

UW System students took out a record $592 million in loans last year.

The regents meet at UW-Milwaukee on Thursday and Friday.

Copyright 2007 by Channel 3000. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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