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Sallie Mae's 2Q profit falls 72 percent
NEW YORK - Student lender SLM Corp., more commonly known as Sallie Mae, said Wednesday its second-quarter profit plunged 72 percent as funding costs remained high amid further weakening in the credit markets and the company took charges related to its restructuring.
Source:(AP)
2008-07-23
Congress moves to calm student loan turmoil
The U.S. Congress moved closer on Thursday to putting a government safety net under the $85 billion student loan market as millions of young people make preparations to head to college in the autumn.
Activities:110th Congress 2007 Global Credit Crunch
2008-04-17
Payday loan foes aim at car-title loans
The Dodge pickup has rust on the tailgate and a Harley-Davidson sticker on its back windshield. Beside it sits a Honda Accord with a big, white butterfly on the windshield and American flag butterflies on each side of the trunk.
Nations:U.S.
2008-03-02
SEC probing Sallie Mae actions near stock sales
Student lending company SLM Corp (SLM.N), or Sallie Mae, said on Wednesday the U.S. Securities and Exchange Commission is investigating the company's disclosures in December 2007, before and after executives and directors traded in its stock.
2008-01-23
Sallie Mae shares tumble on disclosure
Shares of Sallie Mae tumbled 13 percent on Friday, hitting a 52-week low, as investors reacted to the company's disclosure that it would cut back on its core business of making student loans.
2008-01-04
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