UA Alumni Association's ties to loan firm probed

I find this quite interesting because I am relocating to Arizona in a few weeks and my daughter applied to UA and was accepted into the pre-pharmacy program.
They offered her "0" in scholarship money, but were more than happy to offer her $20k in loans.
In Texas, UT and Texas A&M were willing to give her full-ride scholarships.
She is Phi Theta Kappa and has a 3.9 GPA. I guess I see now why they were unwilling to offer scholarship money.

http://www.azcentral.com/news/articles/0505loansubpeona0505.html

The New York attorney general is investigating the University of Arizona's Alumni Association as part of a broader probe into student loans.

The office is looking at the partnerships between 90 alumni associations and Nelnet Inc., a consolidation student loan provider listed as an "official alumni partnership" on the UA alumni group's Web site.

A spokesman for the New York State Attorney General's Office, Matthew Glazer, confirmed that the office sent a request for records to UA.


The request seeks documents showing any payments to Nelnet, whether the association compared Nelnet's loan rates to other providers and whether any employees received benefits such as trips, meals, gifts or other perks. UA has not been accused of any wrongdoing.

before coming to any conclusions. Maybe, UA didn't have any scholarship money to offer your daughter at the time. It does run out.

She applied early AND they DO have scholarship money to award. I called and they said that she had to have a 3.7 GPA. I told them they needed to re-look at it because she had a 3.9. They did and she does. But sorry. They already made their determination.
They were too anxious to get her to sign on to $20k in loans. Needless to say, this headline didn't surprise me one bit.

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