Andrew Cuomo, attorney general of New York, is leading an investigation on the relationship between private student loan companies and public and private universities. Cuomo believes that student loan companies are providing incentives for universities to drive business their way. Cuomo is working towards stricter guidelines for financial aid offices in universities, and this investigation will hopefully eliminate unfair practices between loan companies and universities.
The bottom line is that universities need to be doing what is best for their students, not for them. It’s amazing how universities so often do not view themselves as a business, but rather as a “gift” to students. WRONG! Universities are a business, and their paying customer is the student. Universities need to be making decisions that benefit their students, not themselves. But how often do you seem big corporations making decisions that are best for their shareholders, not their customer? This is no different, and it’s sickening. Whether you are Republican or Democrat, you can’t politicize the fact that college students should be protected by the government. A college educated society reduces crime, creates more jobs, and ultimately benefits the economy and culture. I know that attorneys can be annoying sometimes, but this is a noble cause, and even though he may have a political agenda, the college student will benefit from this investigation.