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Attention Sallie Mae Borrowers
2008-05-15 11:58:00 If you retain accept Sallie Mae federal student loans, you may want to get in junction with Sallie and build sure that they didn’t report your account delinquent to the acclaim bureaus. Not belated on your instalment? Neither were the other 10 million borrowers that Sallie erroneously reported as happening delinquent. Some borrowers ...
Sallie Mae Update
2008-01-31 18:29:00 Sallie Mae is tightening its belt and will "no longer provide loans to students with sub-prime credit scores." (Source: collegiatetimes.com)"As a result of the impact of the College Cost Reduction and Access Act and the deterioration of the credit markets, Sallie Mae is discontinuing certain non-standard private education loan programs," said Tom Joyce, senior vice president of Sallie Mae's corporate communications. "We are also in the process of adjusting our underwriting criteria and pricing of our private education loans to reflect the current financing and market conditions."Sallie Mae is also laying off 350 people (3% of their workforce) and looking to reduce their costs by 20% in the next two years.
Class Action Claiming Bias in Loan Rates Filed Against Sallie Mae
2008-01-25 19:15:00 Are you eligible to be part of this Class Action filed against Sallie Mae claiming students face race bias in loan rates?Attorneys for the plaintiffs, who are seeking class action status, say they believe the suit could end up affecting "many thousands of students, if not more." Rodriguez is a Hispanic woman who lived in Branford before moving to New Hampshire to attend McIntosh College. Gregoire is an African-American student from Tampa, Fla., who attends that city's International Academy of Design and Technology. According to the complaint, Rodriguez was "coerced" into taking $19,500 in private student loans from Sallie Mae between 2003 and 2005. Because of the 18.125 percent interest rate on her loan, her debt has increased to more than $33,000. Her monthly bill exceeds $500. The suit claims Rodriguez's rates are double what she was led to believe they would be. Rodriguez, who could not be reached for comment, currently makes $10.40 an hour working at a ...
Sallie Mae (SLM) - The Conference Call from Hell
2007-12-25 22:35:00 It will go down in history as the conference call from Hell, displacing Jeff Skilling and the famous Enron Call from 2001. I am referring, of course, to the conference call conducted yesterday by Sallie Mae (SLM) and Albert Lord, its CEO.
What Programs Are Offered By The Sallie Mae Scholarship Organization | Whal
2007-11-25 22:28:00 Sallie Mae is maybe one of the most popular forms of student loans in the United States. Many people use the Sallie Mae program for Federal Student loans to help with college debt for tuition and other college costs. Sallie Mae also provides sever5 Zoom(s)
What Is The History Of Sallie Mae? | WhaleHook Loans
2007-11-24 23:45:00 There are many types of student loans to look at out there for help to finance your way through college. It can be a hassle finding the right company to help you out and one of the best is the Sallie Mae program. This may very well be the most pop5 Zoom(s)
Inveslogic Daily Blog Report: Sallie Mae Break-up Gets Messy, Education is
2007-10-17 18:18:00 InvesLogic is something new. It's the first company to organize expert financial and business blogs worth reading into a new form of market intelligence different from anything being provided by the mainstream investment media. We're focused on providing the most valuable and timely market and business insight available in blogs today. Not just information about a specific stock or company but expert opinion and commentary about the insiders, sectors, trends, industries, and commodities a company is involved in. For more information,
Sallie Mae News
2007-10-11 22:10:00 Sallie Mae has posted a 13% increase in student loan originations this quarter compared to the 3rd quarter a year ago.This is the way CEO C.E. Andrews puts it:?Thanks to our industry-leading brand, our scale and efficiencies, and our focus on students and families, we successfully faced a number of challenges this quarter. We have a solid track record of growing our ?core earnings? through various political, interest rate and economic environments, and the fundamentals of our business point to a bright future for our company.?How nice. All this new business with all of its origination fees should help comfort them in swallowing the $344 million loss they have this quarter due to stock market declines and defending against company acquisition.
Sallie Mae expects $25B buyout to close
2007-09-26 23:37:00 SLM Corp., commonly known as Sallie Mae, said it expects the investors seeking to buy it for $25 billion to honor their commitments. 'Our contract is with Bank of America and JPMorgan Chase, two of America's largest and strongest banks,' the nation's largest student lender said in a release. 'We expect these banks to honor their commitments under that contract, not breach the contract,' which includes a $900 million breakup fee. Uncertainty has clouded the Sallie Mae deal for more than a month as the investors who agreed to buy it
Subsidizing Students, Not Sallie Mae
2007-08-07 19:24:00 James Surowiecki has an excellent finance column in this week’s New Yorker that drives home the message of one of our Countdown to Change campaign issues: that students, not banks, should be benefiting from government help for education. From The New Yorker: […] For decades, student-loan companies have had one of the cushiest ...
By: Kmareka.com
Sallie Mae chief quits under pressure
2007-05-23 16:47:00 Business News May 23, 2007, 14:00 GMT '; var PageContent= 'RESTON, VA, United States (UPI) -- The firm taking U.S. student lender Sallie Mae private forced Thomas J. Fitzpatrick to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Sallie Mae College Loans
2007-05-19 13:50:00 It is really important to pursue a college education because when you're a degree holder, there are more opportunities available for you. Our global economy is becoming...
Sallie Mae agrees to be sold for $25B
2007-04-16 17:52:00 RESTON, Va., April 16: Sallie Mae has agreed to be sold to an investor group and two banks for $25 billion, the embattled U.S. education lender and the buying companies said Monday.
By: newkerala.com
U.S. stocks rise on Sallie Mae sale
2007-04-16 17:52:00 NEW YORK, April 16 : U.S. stock indexes moved up Monday morning after education lender Sallie Mae agreed to be bought for $25 billion and retailers posted higher sales.
By: newkerala.com
Alleged Fraud at Sallie Mae & Studen Loan Xpress: Paid Recommendations for
2007-04-11 22:26:00 Why I don’t like automation and efficiency when pulled out of context. Eventually efficiency for one party comes at the expense of defrauding anther. Source: default@goarticles.com (Steve Hill)
By: AllToSearch
Sallie Mae
2007-04-03 04:47:00 If you are a college student, you should know the importance of college loans. In fact, as for my brother and I, it is college loan which helps us to financially survive through our college years. But as a matter of fact, there are so many different kinds of college loan options out there. And sometimes ...
Sallie Mae Student Loans
2006-12-02 15:51:01 Since this site is real young, I thought I would write some posts about the basics.If your research on college financial aid has just begun, you need to know about Sallie Mae. They are "the" largest college student loan company in the nation. Over 9 million people have loans with them. For a long time, Sallie Mae was a government initiative but now they are a private company with a prominent New York Stock Exchange listing (SLM). The company has both federal and private loan products:Sallie Mae Federal LoansSallie Mae Private LoansCurrent interest rates on their loans can be found here.Sallie Mae also runs a very popular college advice site at http://CollegeAnswer.comI've heard their customer service is poor. Still, they have a wealth of on-line information that can help you make decision.If you're feeling overwhelmed by it all, here's a great reference book that covers all the basics you need:Sallie Mae How to Pay for College: A Practical Guide for Families |
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