Sallie Mae – throwing themselves at the mercy of the government
Earlier in the week I wrote a post listing some of the recent events taking place in the student loan industry. The title of the post, “Student loan industry imploding?”, gives a flavor of the point of view of the post. Since then, we have heard that Bank of America (BAC) will stop making private student loans and Citigroup’s Student Loan Corp. (STU) has announced they are discontinuing federal loan consolidations and will scale back lending to students at schools where profitability is lacking
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Tags: Bank, Government, Loan, Sallie Mae, Student, Student loan, student loans