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Sallie Mae: Loan Write-Offs To Slow In Early 2010

Source: Posted By: Eric 3624 days ago

SLM Corp. (SLM) said losses from souring student loans will slow early next year after peaking in the third quarter.

"Early delinquency buckets are showing improvements," Albert Lord, chief executive of the largest U.S. student loan company, also known as Sallie Mae. Lord's comments came during a conference call Wednesday morning to discuss the company's second-quarter earnings, which were announced Tuesday after the close of the U.S. stock market.

The company wrote off $355 million of its....

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