Higher education leaders in Wisconsin say none of their employees broke state ethics laws in maintaining cozy relationships with private lenders.
University of Wisconsin System President Kevin Reilly and Wisconsin Technical College System President Daniel Clancy say reviews of their financial aid practices uncovered no wrongdoing.
They launched the probes earlier this year after a nationwide investigation found some lenders paid colleges and gave administrators gifts to encourage them to steer borrowers their way.
Reilly and Clancy told lawmakers their colleges and universities were adopting new policies to avoid the appearance of conflicts of interest with companies who are preferred lenders.
By Associated Press
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