Student Loan & Consolidation Lender Sponsors Black College Expo
First off let me say that lenders that sincerely want to educate students on how to properly research and apply for student loans and student loan consolidation programs are doing students a great service. After all who knows the industry better. If a lender can give a seminar and represent their service in an honest and ethical manner then I have absolutely no beef with them and additionally I pat them on the back.
That being said these relationships are exactly the kinds of things that have bread so much corruption and scandal in the student loan and student loan consolidation industry. StuFund has an obligation to deliver unbiased informative seminars at expos like these because students are not coming to a sales presentation for StuFund. The students that attend these seminars will come under the assumption that they are receiving information designed to help them choose the right loan for them, not the right StuFund loan.
College alumni and administrators have been the subject of investigations for getting paid to steer their students to specific lenders and relationships like StuFund's with The Black College Expo are subject to the same ethical challenges. I know marketing and sales and if StuFund is sending salesmen that get paid commission to these expos then there will be problems. Never underestimate the almighty dollar.
