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Student Loan Head Resigns as Marketing Ties Probed

HeadlineMay 09, 2007

In education news, the top government official overseeing student loans has stepped down amid mounting controversy over her agency’s ties to marketers and lenders. Theresa Shaw’s resignation as head of the Office of Federal Student Aid comes as lawmakers have opened probes into the personal and financial ties between industry, university and government officials. The Education Department admitted last month companies may have improperly mined a national database of student borrowers to obtain marketing information.

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