Conflicting interests within Universities

From The New York Times:

With Congressional hearings on the student loan scandal scheduled for next week, lawmakers are looking around for ways to root out the kinds of corruption uncovered in recent investigations by New York’s attorney general, Andrew Cuomo. A good start would be to pass the Student Loan Sunshine Act, an important bill that was introduced months ago.

The Sunshine Act would make it a federal crime for lenders to offer college officials anything of value in exchange for the right to do business at a given school. The new law would require the colleges to explain publicly why they had placed a given lender on the school’s “preferred lender” list and would force the institutions to disclose any special deals that had been made behind the scenes.