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WEDNESDAY, NOVEMBER 25, 2009
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NCAA Records Sought in Payola Probe

Student loan referrals may have netted sports program payoffs

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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.

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 of Student Financial Aid Administrators aimed at ridding the student loan industry of kickbacks and corruption. (AP Photo/Richard Drew)
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)
New York State Attorney General Andrew Cuomo has subpoenaed NCAA records.
New York State Attorney General Andrew Cuomo has subpoenaed NCAA records.   (Associated Press)
New York Attorney General Andrew Cuomo testifies on Capitol Hill in Washington, Wednesday, June 6, 2007, before the Senate Banking Committee hearing on the student loan industry. (AP Photo/Lauren Victoria Burke)
New York Attorney General Andrew Cuomo testifies on Capitol Hill in Washington, Wednesday, June 6, 2007, before the Senate Banking Committee hearing on the student loan industry. (AP Photo/Lauren Victoria...   (Associated Press)
New York Attorney General Andrew Cuomo, right, testifies on Capitol Hill in Washington, Wednesday, June 6, 2007, before the Senate Banking Committee hearing on the student loan industry. Sen. Charles Schumer, D-N.Y. who introduced Cuomo to the committee is at left. (AP Photo/Lauren Victoria Burke)
New York Attorney General Andrew Cuomo, right, testifies on Capitol Hill in Washington, Wednesday, June 6, 2007, before the Senate Banking Committee hearing on the student loan industry. Sen. Charles...   (Associated Press)
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