Student Loan Deals

UNDATED (AP) -- Illinois Attorney General Lisa Madigan says her office has made deals with DeVry University and the Career Education Corporation over their student-loan practices.

Speaking today, she also said her office is looking at lending practices at other schools.

Madigan says DeVry and Career Education Corporation were paid by lenders for preferential treatment when students sought loans.

Oakbrook Terrace-based DeVry will pay an undetermined number of students nearly 90-thousand dollars that it received from Citibank for listing that bank as a preferred lender.

Madigan says Hoffman Estates-based Career Education Corporation will pay more than 20-thousand dollars to a national fund set up to educate students about lending.

The deals are part of an ongoing investigation led by the New York Attorney General's office into student-lending practices.

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