UTA alumni association was paid to tout loan company

The University of Texas at Arlington's alumni association was paid more than $62,000 to pitch a company that helps graduates consolidate their student loans, company records show.

The Dallas Morning News obtained copies of contracts and other documents from the office of New York Attorney General Andrew Cuomo, which has been investigating practices at Nelnet and other student loan companies. Under a settlement with Mr. Cuomo's office announced Tuesday, Nelnet will pay $2 million toward a national fund to advise students on loan options. No alumni groups were fined or sanctioned.

Mr. Cuomo's office had collected documents relating to Nelnet's dealings with alumni groups tied to UTA, the University of Texas at San Antonio, the University of Texas at Tyler and Texas Tech University. Some alumni groups elsewhere received subpoenas.

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