Washington University Agrees to Conduct Code

1 decade 2 years 11 months ago Monday, April 23 2007 Apr 23, 2007 Monday, April 23, 2007 1:51:21 PM CDT April 23, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
ST. LOUIS - Washington University agrees to a code of conduct as part of an agreement with Attorneys General Jay Nixon and Andrew Cuomo. Each had separate investigations into the university's student loan practices. At a news conference today, Nixon says Washington University had a revenue-sharing agreement with California-based lender Education Finance Partners, though the university ultimately did not receive any money. The university agrees to a code of conduct prohibiting revenue sharing with any lender. The university will also disclose its preferred lender list. Washington University reached a similar agreement with Cuomo, the Attorney General in New York. The university says in a statement it cooperated fully with the two states' inquiries. It says no laws were violated in either state.

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