The financial aid directors at Columbia and Johns Hopkins Universities have lost their jobs, the second and third casualties of the student loan controversy that has battered higher education.

In a terse statement e-mailed to reporters late Monday afternoon, Columbia announced that it had dismissed David Charlow, its executive director of financial aid and senior associate dean of student affairs, six weeks after it suspended him amid charges that he had owned stock in Student Loan Xpress, a loan company that appeared on a list of preferred lenders to which Columbia had referred students for loans. The charges, which emerged from the investigation sparked by New York Attorney General Andrew M. Cuomo, were first revealed by the New America Foundation...

For the complete article, please visit the Inside Higher Ed website.

To read New America's Higher Ed Watch blog post that sparked the investigation, please click here.