Student Loan scandal widens to alumni groups…

Cuomo: ‘It appears that student loan scams don’t end at graduation'

Updated: 5:25 p.m. PT May 3, 2007

ALBANY, N.Y. - New York Attorney General Andrew Cuomo has broadened his student loan investigation to alumni associations nationwide that steer students to loan consolidation companies.

Cuomo issued 90 subpoenas and letters to alumni groups, including those representing graduates from The Juilliard School in New York, the University of Illinois, the University of California at Riverside and San Jose State University, Cuomo said.

All the groups had agreements or relationships with lender Nelnet, based in Lincoln, Neb., he said.

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