July 20, 2007
Loan-Subsidy Cuts Would Leave Sallie Mae Profitable, Study Finds
The subsidy cuts being considered by Congress for the federal student-loan program would leave Sallie Mae, the nation's dominant lender, still making a profit, according to an analysis by the nonpartisan Congressional Research Service.
Sallie Mae realizes a gain of about 0.72 of a percentage point, or 72 basis points, from student loans it issues through the federally guaranteed program, according to the study by Darryl E. Getter, an analyst with the research service.
That's
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