Submit a Story / News


Sponsored Links

Higher Ed News

Student lender Sallie Mae reverses stand on subsidies

Source: L. A. Times Posted By: Peter 3502 days ago

For two decades, every attempt to overhaul the $85-billion-a-year student loan industry by eliminating subsidies to lenders has faced insurmountable opposition from one of the most powerful institutions in the business: Sallie Mae, the world's largest student loan company.

But in a dramatic reversal, the lending behemoth now supports President Obama's efforts to kill the subsidies it has tried to protect for so long. Instead, the company has offered a proposal that calls for the government to....

Read full story >>

  • (0 vote)   








View Comments  



No Comment available.  Write the first comment






© 2009-2018 HigherEdSpace.com, All Rights Reserved.
Higher Ed Space ® is a registered trademark of AmeriCareers LLC.