NCAA Records Sought in Payola Probe

Student loan referrals may have netted sports program payoffs
By Joseph Fasano,  Newser User
Posted Aug 3, 2007 5:23 AM CDT
New York State Attorney General Andrew Cuomo addresses a news conference in his New York offices, Thursday May 31, 2007. Cuomo announced agreements with Columbia University and the National Association...   (Associated Press)
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(Newser) – New York's attorney general has demanded records of 40 NCAA athletic departments from  Georgetown and UCLA to discover if students were illegally steered to a particular college loan provider for kickbacks. Several of the Division I schools have links on their websites to a company that officials suspect is offering payments or perks to referring departments, reports USA Today.

The investigation was launched after AG Andrew Cuomo's office discovered that Student Financial Services, also known as University Financial Services, had offered to pay $75 to the head of a New York college athletic program for each student loan application referred. Representatives of the athletic departments have vehemently denied the allegations, insisting their ties to the lender are routine.