The investigations of student-loan programs around the country echo previous scandals in the financial world involving stock offerings and mutual funds. The relationships between lenders and financial-aid officers seem to raise the same questions about impropriety, conflict of interest, and possible fraud. Indeed, lessons from Wall Street can…

Government investigations into alleged conflicts of interest in student-aid programs continue and now have widened to include study-abroad programs. It seems as if almost every day the news contains reports concerning possible questionable practices by colleges and universities. In this article, the authors discuss current scandals and possible…