Lobbying Showdown Over the Future of Student Loans

Source: commondreams.or Posted By: Betty D...5383 days ago

When Sallie Mae, the nation's largest provider of student loans, saw the possibility of its own extinction in a plan advanced by the Obama administration, it did what just about any big corporation would do: It hired the best lobbyists money can buy.

That was standard procedure for Sallie Mae, which for two decades has almost single-handedly stymied attempts to reduce or eliminate federal subsidies to the multibillion-dollar private student loan industry.

This time, however, Sallie Mae has....

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