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SLM Has Loss as Student Loan Business Looks `Broken' (Update1) (Bloomberg.com)

Thu, 17 Apr 2008 09:53:10 GMT
April 17 (Bloomberg) -- SLM Corp ., the largest U.S. student- loan provider, recorded its third consecutive quarterly loss as gains from selling loans to investors dried up. The company said its new loans are unprofitable.

College-bound face dilemma (Boston Globe)

Sat, 19 Apr 2008 08:05:35 GMT
For Molly Wexler-Romig, Bard College seemed the perfect match. The small liberal arts school in upstate New York has a great academic reputation and strong theater arts program - a must for the aspiring actress. When she first visited last fall, she relished the school's liberal, hippieish atmosphere. So when she received her acceptance letter earlier this month, the choice ...

The Student Loan Corporation Announces First Quarter Earnings (Centre Daily Times)

Fri, 18 Apr 2008 12:20:25 GMT
The Student Loan Corporation (NYSE:STU) today reported net income of $15 million, or $0.76 per share, for the quarter ended March 31, 2008, a decrease of $29 million (65%) compared to net income of $44 million, or $2.20 per share, reported in same quarter of 2007. This decrease was primarily driven by a $655 million reduction in loan sales volume due to market conditions during the first quarter ...


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