Sallie Mae

Sallie Mae's Plan of Attack

July 9, 2007 - 8:00pm

Shortly after the Democrats won control of Congress last November, the student loan giant Sallie Mae laid out a strategy for itself -- and a blueprint for the rest of the loan industry to follow -- to protect the cushy subsidies lenders receive for making government-backed loans to students.

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Roundup: Week of June 25 - June 29

June 28, 2007 - 8:00pm

Supreme Court Rules against Voluntary Desegregation Programs; Leaves Affirmative Action Intact

The U.S. Supreme Court ruled on Thursday that school districts can no longer use race as a factor in assigning students to K-12 public schools. However,…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

The House Always Wins

June 5, 2007 - 8:00pm

I'm writing this post from beautiful, sunny Las Vegas, Nevada, where I just gave a talk and saved hundreds of dollars by not gambling. It strikes me that the casino business and the student loan business have something in common: the house can't lose.

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

A Questionable Arrangement

May 30, 2007 - 8:00pm

An internal strategy document from Sallie Mae says a whole lot about how the company makes its money from taxpayers, from students, and then again from taxpayers. On Tuesday, Higher Ed Watch described the subsidies on federal loans that remain Sallie Mae's priority #1 to keep, while

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Private Student Loans: More Important than Child Support and Taxes?

May 29, 2007 - 8:00pm

Last week, the Chronicle of Higher Education reported on an internal strategy document from Sallie Mae listing the company's goals in lobbying the new Congress. Not surprisingly, at the top of the list was the need to "Protect FFELP economics" -- in other words, to preserve…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Roundup: Week of May 21 - May 25

May 24, 2007 - 8:00pm

The New Sallie Mae Promises Reform

The private equity firm that is leading a takeover of Sallie Mae promised this week to make changes to the company's practices and personnel that it hopes will help the loan company --…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Roundup: Week of May 14 - May 18

May 17, 2007 - 8:00pm

Shaw Received $250,000 in Government Bonuses

Theresa Shaw, the chief operating officer of the Department of Education's Office of Federal Student Aid who announced her resignation last week, took home more than $250,000 in performance bonuses over…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Friends in High Places Deliver Big for Sallie Mae Behind the Scenes

May 8, 2007 - 8:00pm

The Chronicle of Higher Education published an explosive piece on Monday providing greater detail of how the revolving door between the Bush Administration and the student loan industry has put financially needy students in harm's way. (Disclosure: Higher Ed Watch staff used to work for The…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

A $25 Billion Bet on Market Share and Private Loans

April 25, 2007 - 8:00pm

Do Sallie Mae's buyers know what they are getting into? What do they think justifies such a high premium for the stock? Do they think the market was wrong about recently diminishing prospects and correspondingly lower stock prices for Sallie Mae?

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Sallie Mae Strikes It (Even) Rich(er)

April 16, 2007 - 8:00pm

For a company allegedly "under siege," Sallie Mae has made out like a bandit. Last week, the company reached a settlement with New York State Attorney General Andrew Cuomo agreeing to pay a $2 million fine-pocket change to the loan giant, whose CEO made $19.5 million last year. It…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

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