Under fire, the student-loan company named Student Financial Services Inc. will forego its arrangements with colleges that “pimped out their logos and insignia in exchange for thousands of dollars worth of kickbacks.”

Most of these co-branding deals, which duped students into thinking SFS was approved by the colleges, were made with school athletic departments – like one that allowed SFS to market loans to University of Washington students as “Huskies Loans,” after the team mascot. (New York Post)

Way to go, New York Attorney General Andrew Cuomo, for striking yet another blow against “creative” kickback schemes.