(Reuters) - Officials from the three universities each owned at least 1,500 shares of Education Lending Group, as disclosed in a stock offering prospectus filed with the Securities and Exchange Commission in September 2003. Student Loan Xpress, a unit of the company, is a "preferred lender" at these schools.
David Charlow, the associate dean of student affairs at Columbia, owned 7,500 shares of Education Lending stock and 2,500 stock warrants ahead of the offering, according to the filing. He sold his shares for a gain of more than $100,000.
Read more at Reuters.com Government Filings News
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