I’m excited about the players reporting today, aren’t you? Cecil Hurt can describe it in a much more eloquent fashion than I ever could. Most fans are very excited; However, you have to wonder what it would be like if Mike Shula were still around…
I have to credit Hey Jenny Slater for the inspiration of this creation.
As mentioned in the preview post, The New York Attorney General, Andrew Cuomo, has released a statement regarding college education lenders and college athletic departments. Why does this matter to the average Alabama fan? Well, Cuomo’s news release mentioned 3 universities from the state of Alabama (Auburn, UAB, & North Alabama).
After doing so research, it has become quite apparent to me that one of Cuomo’s main goals as AG in New York is to sniff out every single unethical loan policy he can find. If you visit his site, you can find a stockpile of press releases, statements, and settlements regarding this topic. I won’t link every single one for you since would take up a good bit of space (I’m not joking, he’s very serious about this stuff, and has too many links to show on this blog). I’m starting to wonder if Cuomo has higher political ambitions in the next decade or so. Being the leader on this issue would be a HUGE feather in the proverbial cap for any politician.
But, back to this student loan story. I’m not sure that there will be anything juicy coming out about Auburn, UAB, or UNA athletics. But, then again, he did prove that the athletic director of Dowling College on Long Island received $75 for every new application, so you never know. I imagine every school on that list will make a deal sooner or later.
His goal is to either reimburse students for the cost of revenue sharing agreements between Universities and the lending companies, or have the companies and universities agree to his code of conduct and donate to his national fund regarding this matter. Let’s take a look at some of the settlements regarding the student loan industry the past year. The dollar figures next to the link represent the amount of money either donated to his fund, or the payments to students and their families:
Cuomo is basically trying to change the way every student loan company does business. His new Student Bill of Rights seems to be putting some pressure on the schools and companies to change their ways in order to save face. The Student Bill of Rights codifies Cuomo’s College Loan Code of Conduct, the basis for settlements with lenders and schools across the country. This latest move appears to be one of the biggest agreements he’s ever tried to pull off.
How does Cuomo do it? Well, for starters, he’s done his homework and has been calling organizations out regarding their practices:
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