The Chronicle of Higher Education

Lenders Pay a Steep Price to Be Noticed

By STEPHEN BURD

If Congress fails to renew the Higher Education Act this year, as it is likely to do, few people will be more disappointed than officials at Sallie Mae.

The company, the largest financer of federal student loans, lobbied hard and spent a lot of money on campaign contributions to get several friendly provisions inserted into the legislation that governs...

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