ASU touched by probe | Arkansas Blog

Thursday, August 2, 2007

ASU touched by probe

Posted By on Thu, Aug 2, 2007 at 5:39 AM

New York Attorney General Andrew Cuomo has been investigating a major provider of student loans for allegedly paying kickbacks to colleges that steered business their way. Recently, it's been reported that colleges had steered athletes to the lender and that Arkansas State University was one of those being probed. ASU issued this statement yesterday:

Arkansas State University-Jonesboro received a request today from the Attorney General of New York for documents relating to University Financial Services, Inc. (UFS). After a search of its records today, ASU has found no contract or agreement between it and this company. 

However, ASU did find that the Indian Club, a separate 501(c)(3) corporation, which supports ASU athletics, on August 23, 2006, entered into a sponsorship agreement with UFS. Upon learning of its existence on February 6, 2007, the university requested that the sponsorship agreement be cancelled. ASU has been informed that this request was honored by the Indian Club.

From the ArkTimes store


Comments (3)

Showing 1-3 of 3

Add a comment

Subscribe to this thread:
Showing 1-3 of 3

Add a comment

More by Max Brantley

Readers also liked…

  • Super Bowl line

    Over to you.
    • Feb 7, 2016
  • Free Zinn book for Arkansas teachers

    Arkansas teachers! Get your free Howard Zinn book here! Whether Kim Hendren likes it or not.
    • Mar 3, 2017
  • Auditor Lea caught not telling the truth

    State Auditor Andrea Lea, who began her tenure in statewide office with a degree of competence unseen in some other Republican counterparts (think Treasurer Dennis Milligan particularly), is becoming more deeply mired in a political scandal.
    • Mar 4, 2016

Most Shared

  • Take yourself there: Mavis Staples coming to LR for Central High performance

    Gospel and R&B singer and civil rights activist Mavis Staples, who has been inspiring fans with gospel-inflected freedom songs like "I'll Take You There" and "March Up Freedom's Highway" and the poignant "Oh What a Feeling" will come to Little Rock for the commemoration of the 60th anniversary of the desegregation of Central High.
  • Klan's president

    Everything that Donald Trump does — make that everything that he says — is calculated to thrill his lustiest disciples. But he is discovering that what was brilliant for a politician is a miscalculation for a president, because it deepens the chasm between him and most Americans.
  • On Charlottesville

    Watching the Charlottesville spectacle from halfway across the country, I confess that my first instinct was to raillery. Vanilla ISIS, somebody called this mob of would-be Nazis. A parade of love-deprived nerds marching bravely out of their parents' basements carrying tiki torches from Home Depot.

Most Viewed

Most Recent Comments



© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation