A holding company that operates through a number of subsidiaries. The Company's primary business is to originate and hold student loans by providing funding, delivery and servicing support for education loans in the United States.
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College costs are exploding, university students aren't making enough money out of university to pay off their ballooning payments. These students will default, the same way that mortgage buyers defaulted. Who is to blame? The student or the government?
Good point. There was a massive mortgage default, who is to say with this terrible economy and high unemployment that the same will not happen with Student loans. This could be coming with the economic conditions that just are not getting any better. Plus, I heard there is some movement by groups to change laws to get student loans discharged in bankruptcy.
I personally dislike Sallie Mae as a company. I think they are sharks.
Good point. There was a massive mortgage default, who is to say with this terrible economy and high unemployment that the same will not happen with Student loans. This could be coming with the economic conditions that just are not getting any better. Plus, I heard there is some movement by groups to change laws to get student loans discharged in bankruptcy.
I personally dislike Sallie Mae as a company. I think they are sharks.