Sallie Mae Seeks Competitive Bidding, Student Loan Default Rates Remain Low
Posted at 19 September 2008 8:28
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Source: U.S. Department of Education U.S. Secretary of Education Margaret Spellings nowadays announced the FY 2006 native scholar lend legion duck regard ashes historically low at 5.2 percent. … The scale increased from 4.6 percent in FY 2005 and from 5.1 percent in FY 2004. Gulf states unnatural by Hurricanes Katrina and Rita saw large percentage increases in their default tariff, contributing, in part, to the state recoil. As a historical.
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Delisle and Stephen Burd The Wall Street Journal reported yesterday that Sallie Mae is in a shrivel dispute with the U.S. Department of Education over the help's table to hold federal loans from secretive lenders that are struggling with liquidity as a upshot of the credit crunch. According to the newspaper, Sallie Mae has filed a formal object with the Government Accountability Office over the Department's firmness to put its recent Direct Loan servicer, Affiliated Computer ... .
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