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New York probes college deals with textbook dealers
ALBANY, N.Y. — New York Attorney General Andrew Cuomo is investigating whether colleges and universities nationwide are getting unethical fees from vendors in exchange for the rights to sell textbooks, snacks and even financial services on campus.
Cuomo spokesman Jeffrey Lerner said Friday the concern is that students might not get the best value if schools are choosing vendors based on how much the companies are willing to pay to do business with their students.
The investigation is in its earliest stages and no subpoenas have been issued.
The probe follows Cuomo’s investigation of fees student loan companies paid to become colleges’ preferred lenders. The investigation led to national reforms.