Press Statement

RANCHO CORDOVA, Calif., Sept. 5 /PRNewswire-USNewswire/ -- Today, the California Student Aid Commission waived the attorney-client privilege and released aCalifornia Attorney General's Memorandum upon which the Commission relies in refusing to pay for over $6 million in expenses incurred by EdFund, the Commission's nonprofit auxiliary organization. The expenses are related to inducements prohibited under federal law. A copy of the memorandum is available at http://www.csac.ca.gov/comm/comm/09040508/tab1.pdf. Please contact Cheryl Lenz at (916) 718-5983.