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Financial Aid Directors at Johns Hopkins and Columbia Resign

HeadlineMay 22, 2007

There are new developments in the student loan industry scandal. The financial aid directors at Johns Hopkins and Columbia universities have been forced out of their posts amid revelations that they received payments or gifts from loan companies they recommended to students. Columbia’s David Charlow is said to have held more than $100,000 in stock from the company Student Loan Xpress. The same lending company paid Ellen Frishberg at Johns Hopkins $65,000.

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