Sallie Mae Lost $1.6 Billion in 4Q

Sallie Mae Lost $1.6 Billion in 4Q

There are 1 comment on the North County Times story from Jan 23, 2008, titled Sallie Mae Lost $1.6 Billion in 4Q. In it, North County Times reports that:

“Our cost of funds and loan-loss expectations were impacted by weakening credit markets.”

WASHINGTON - Embattled Sallie Mae, the nation's largest student lender, on Wednesday reported a fourth-quarter loss of $1.6 billion as it slumped under heavy borrowing costs and set aside $575 million to cover ... via North County Times

Join the discussion below, or Read more at North County Times.


Fort Huachuca, AZ

#1 Apr 17, 2008
They're just looking for a government bailout, and threatening to hold college kid's education for ransom. I say, let them go under. Of course, that would many a loy of colleges would go under also, but perhaps we have too man y now, and the ones that we do have, lost their focus and their souls a long time ago.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

SLM Discussions

Title Updated Last By Comments
News Sallie Mae settles in loan scandal (Apr '07) Jul '10 Tim 17
News Sallie Mae wants interest payments before gradu... (Mar '09) Apr '09 Gamehenge 17
News Congressmen praise Sallie Mae CEO for reversing... (Apr '09) Apr '09 eric 34
Sallie Mae claims student loan not paid, harras... (Feb '09) Apr '09 Shirley L in CC TX 2
News New student loans require payments while in school (Mar '09) Mar '09 Doctorate Degree 5
News New student loans require payments while in school (Mar '09) Mar '09 CA Taxpayer 4
News New student loans require payments while in school (Mar '09) Mar '09 Chewey Gonzalez 1
More from around the web