March 4, 2005

Pennsylvania Legislators Question Sallie Mae's Bid to Take Over State Loan Agency

By STEPHEN BURD

For the past two months, officials with Sallie Mae, the nation's largest student-loan provider, have been making a full-court press to persuade Pennsylvania legislators to accept its $1-billion bid to take over most of the operations of the state's student-loan agency.

But so far, the loan giant's efforts do not appear to be paying off.

This was especially evident at a hearing held by the Appropriations Committee of the State House of Representatives in which a top Sallie Mae

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