June 13, 2008
Rescue Plan Appears to Be Helping Lenders and Colleges
After months of turmoil, life appears to be getting better throughout the land of student lending. At least for the colleges and the lenders. For student borrowers, the results of the recent federal loan-rescue plan and other changes in student-aid law may be more mixed.
The nation's largest student-loan company, Sallie Mae, reported on Thursday that investors had quickly bought up $2.5-billion worth of its debt. The sale was "significantly oversubscribed," the company said in
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