Regions Bank vs. Barkley School of Law

Show me the money


When the credit market froze in 2008, this Kentucky institution signed a promissory Note with a bank to obtain financing for its continued operations. In order to secure repayment of the Note, the school executed a security agreement in which it granted the bank a lien on student loan contracts. Although I am perplexed by the legality of this transaction, I am more disturbed by its ethical morass. The use of students as bargaining chips in the school's financial transactions is a business practice that could create some conflict of interests and invite unethical administrative acts such as grade inflation.

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Reference Info:Pleadings | State, 6th Circuit, Kentucky | United States

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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