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1Sallie Mae Wins Contract to Service Government Student Loans 1 Citation The Department of Education chose Sallie Mae , a leader in student loan lending, along with three other companies to service the outstanding federal student loans and future loans owned by the government totaling $550 billion. By servicing these loans, Sallie Mae would take on the administrative work, like mailing statements, receiving payments and managing delinquent accounts. The five-year contract, scheduled to begin in August 2009, awarded to Sallie Mae is only for the management of these l, technorati.com
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1 Citation Normally, I like to focus my posts on a single topic, like they're articles and I'm a serious journalist. I'm pretty sure no one's reading this blog like it's a periodical. On that subject, my fave mags: Real Simple , Better Homes and Gardens , and Taste of Home . There's something about getting reading material in the mail that I still love. Sure, I could get a lot of the same information or entertainment online, but it just feels different. Same with cookbooks, which I collect even though, technorati.com
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Looking at Different Student Loan Programs 1 Citation by Max Hargis The cost of attending college can be great. Not everyone will receive enough scholarships or grants to cover the total cost of their education. This is where student loans come in. Trying to find the right student loan for your situation can be stressful. There is a lot of different terminology used - not to mention all the different interest rates and payback numbers. So, let?s take a look at a couple of student loan programs. Sallie Mae is the number one student loan lender, technorati.com
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Sallie Mae Stock Gains As Analysts Endorse Changes Federal Contract 1 Citation The stock of the Reston-based student loan behemoth surged yesterday after analysts upgraded their view of the company, saying that shares of the firm are trading at about half of their value. The rosier outlook follows an announcement last week by the U.S. Education Department that Sallie Mae was one of four companies it had awarded key contracts to service federal student loans . The revenue from that contract would offset losses from the Obama administration?s plan to stop subsidies to l, technorati.com
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Student Loan Contract Awarded to 4 firms 1 Citation The U.S. Department of Education said it awarded contracts to SLM Corp (SLM.N) and three other companies to service its $550 billion student loan portfolio, as the government prepares to shift much of the nation?s student lending into a direct loan program. The government said it also awarded servicing business to Nelnet Inc (NNI.N), American Education Services/PHEAA and Great Lakes Education Loan Services Inc. It said the contracts run for five years, and can be extended for five more. Elig, technorati.com
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Sallie Mae, Nelnet soar on big US student loan pact - Reuters 1 Citation Dividend.com Sallie Mae, Nelnet soar on big US student loan pact Reuters By Jonathan Stempel NEW YORK (Reuters) - Sallie Mae (SLM.N) and Nelnet Inc (NNI.N) shares soared on Thursday after the US Department of Education awarded them and two other companies a contract to service $550 billion of student loans. Financial stocks up, Sallie Mae, Discover surge MarketWatch Sallie Mae shares soar on government contract San Jose Mercury News Wall Street Journal - Dividend.com - Washington Post - 24/7, technorati.com
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1 Citation For Immediate Release Chicago, IL - June 15, 2009 - Zacks.com releases the latest Industry Outlook. Today's interview is with senior analyst Neena Mishra, who talks about the U.S. Banks Industry, including Wilmington Trust Corporation ( WL ), KeyCorp ( KEY ), Zions Bancorp ( ZION ), Freddie Mac ( FRE ) and Sallie Mae ( SLM ). A synopsis of today's Industry Outlook is presented below. The full article can be read at http://at.zacks.com/?id=2678 . As a result of a rise in charge, technorati.com
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A Look at Student Loan Programs 1 Citation by Max Hargis Student loans are usually needed when grants and scholarships don?t cover the cost of attending school. It can be overwhelming trying to find the perfect loan when you?re comparing student loan programs. Often times the terms and rates can be confusing and hard to keep straight. Here?s a quick rundown of the most popular student loan programs and lenders. A lot of students end up using Sallie Mae?s student loan program. Sallie Mae is considered the top student loan provider i, technorati.com
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Education Department Names 4 Lenders to Service Student Loans: Chronicle of Higher Ed 1 Citation Chronicle: Washington - Ending months of speculation, the Education Department announced today that it had chosen four lenders to service its educational loans: American Education Services/Pennsylvania Higher Education Assistance Agency, Great Lakes Educational Loan Services Inc., Nelnet Inc., and the Sallie Mae Corporation.The department?s announcement had been eagerly anticipated among lenders, which are awaiting details of Congress?s plan to overhaul the student-loan programs. If lawmakers ad, technorati.com
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Company News for June 26, 2009 ? Corporate Summary 1 Citation * JP Morgan (NYSE:JPM) upgraded shares of Sallie Mae (NYSE:SLM) to "overweight," citing improved earnings visibility from its transition to primarily a loan service providers, which will lower interest-rate and funding risks * Quantas Airlines cancelled orders for 15 Boeing (NYSE:BA) 787 Dreamliners scheduled for 2014-2015 delivery, and deferred orders for 15 more, citing the tough economic environment * Potash (NYSE:POT) lowered its earnings guidance for the second quarter from $1.10-$1.50, technorati.com
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