In the continuing fallout from last spring’s student loan scandal, Student Financial Services (SFS), a Florida-based loan company, settled a lawsuit brought against them for paying 63 university athletic departments for the use of their school logos, mascots, and clothing in order to make students believe that they had university affiliation. As a result of their settlement, SFS has now become the first loan company to sign a marketing code of conduct that prevents false and misleading loan marketing to students, requires lenders to provide important disclosures, and prohibits misleading and deceptive practices.  Georgetown University has banned the lender from marketing on campus.

Read about Student Financial Services being banned from Georgetown