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Student Loan Firm Ends USF Deal.
- Article from:
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Tampa Tribune (Tampa, FL)
- Article date:
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August 3, 2007
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Copyright informationCOPYRIGHT 2007 Tampa Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Adam Emerson
Aug. 3--TAMPA -- One of the nation's largest student lenders ended a deal with the University of South Florida Alumni Association that paid the university $100,000 last year for the right to market the lender's services to alumni.
USF's alumni group allowed the Nebraska-based lender, Nelnet, to send mailers to the school's graduates offering to consolidate student loans. Nelnet had similar arrangements with alumni associations at about 120 colleges and universities.
The lender agreed to stop the practice as part of a settlement with the New York attorney general, who for several months has fought to sever relationships between colleges and ...