Miami U. Admits To Using Student Loan Company

Miami University becomes the first Ohio college to admit that it has a financial agreement with a student loan company.

Ohio Attorney General Marc Dann said Miami University probably will not be the last to reveal the same kind of agreement.

The deal lets a student loan company use the school’s alumni trademarks and logos to market loan consolidation services to Miami graduates.

In return, the school received $25,000 plus $100 for every student who signed up for the service.