April 4, 2007, 8:30 am : Beware Lender and your school’s loan shenanigan

Beware Lender and your school’s shenanigan. The shenanigan they named it revenue sharing. The revenue sharing agreements between lenders and financial aid administrators at several dozen colleges. It intend to steal students money. When a student want to apply a student loan, mostly they trust their financial aid administrators in the college. So college utilize their trust cheat students. They recommend preferred lender list to students, certainly the lends have bribed school financial aid administrators in preferred lender list. If student ignore preferred lender list, they could encounter denials or impediments.