March 31, 2006

Sallie Mae Moves to Buy State Agencies, Scaring Critics

By STEPHEN BURD

New, aggressive strategy brings warnings of monopoly and problems for students

After a decade of swallowing up competitors, Sallie Mae appears to have adopted an even more aggressive strategy, producing anxiety among other players in the student-loan industry and warnings of dire consequences for students.

While most of the loan giant's previous takeovers were friendly, now it is acting like a predator, engaging in what some competitors say is a systematic effort to acquire some

Digital or Print Subscription

Web Pass

Already have an account? Log In Now.