NY Student Loan Probe Includes Texas Athletic Departments

By: Associated Press
By: Associated Press

Texas Christian University says it's "suspending any association" with a lender that's provided loans to students.

New York Attorney General Andrew Cuomo says he's investigating whether top college athletic departments steered athletes and other students to education lenders in exchange for kickbacks.

He served 39 universities with subpoenas and requests for documents about deals between their athletic departments and Student Financial Services -- operates as University Financial Services. He said he's looking at how team names, mascots and colors were used to suggest the company was the college's preferred lender.

TCU says its ties with UFS were arranged through the sports marketing company International Sports Properties, which its athletics department uses to contract with outside businesses. It says the TCU athletic department "received no revenue directly from this vendor."

Five Texas schools that Cuomo's office has contacted or issued subpoenas to are TCU, the University of Houston, the University of Texas at San Antonio, the University of Texas at El Paso and the University of Texas-Pan American.

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