"College Board Ends Loan Activities"

[tako]

<p>

The College Board announced Wednesday that it is getting out of the student loan business — a small, but sometimes controversial, part of the organization that has become more complicated because of this year’s heightened scrutiny and regulation of the lending industry.</p>

<p>…</p>

<p>Some experts on student aid have questioned whether it was appropriate for the College Board to profit from student loans. Because the board is known as an association of admissions officers and issues respected reports annually on trends in student aid and loans, it is seen by many parents and students as a trustworthy source of information, these critics say, in part because they don’t realize it is making money off of loans. For instance, the College Board is among the groups that have warned that many students may be hurting themselves through private loans, but just last year the board expanded its private lending business through a “strategic alliance” with Citibank, and refused to say how much money it was earning in profits on private loans.

</p>

<p><a href=“http://www.insidehighered.com/news/2007/08/23/collegeboard[/url]”>http://www.insidehighered.com/news/2007/08/23/collegeboard&lt;/a&gt;&lt;/p&gt;