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Lasell College agrees to settle lender gift allegations
September 3, 2010
Lasell College agreed to pay more than $191,000 to students to settle allegations it steered student loan applicants to Citizens Bank after the lender showered the school's financial aid officers with free trips to sunny resorts and other gifts. It was the second such settlement that Massachusetts Attorney General Martha Coakley has reached with a local college, part of a wave of actions by government agencies against schools across the country over their cozy relations with student loan lenders.
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