Wednesday, June 11, 2008

Sallie Mae Affirms Commitment to Provide Federal Student Loan Access to All Students, All Schools

BUSINESS WIRE--Sallie Mae, the nations leading saving- and paying-for-college company, today reiterated its commitment to fund every eligible federal student loan application received from every student at every school for the upcoming academic year.

Some lenders have ceased lending to certain school types, such as two-year and proprietary institutions. We want students at those schools to know that we will lend to all students at all schools who need a federal loan to pay for college, just as we have for the last 35 years, said C.E. Andrews, president, Sallie Mae.

SLM Corporation (NYSE:SLM), commonly known as Sallie Mae, is the nations leading provider of saving- and paying-for-college programs. The company manages more than $169 billion in education loans and serves 10 million student and parent customers. Through its Upromise affiliates, the company also manages nearly $19 billion in 529 college-savings plans, and is a major, private source of college funding contributions in America with more than 8.5 million members and $425 million in member rewards. Sallie Mae and its subsidiaries offer debt management services as well as business and technical products to a range of business clients, including higher education institutions, student loan guarantors and state and federal agencies. More information is available at www.salliemae.com. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

1 comment:

Jeff Frese said...

College savings is a problem. People aren't saving enough and now they can't get loans. I started a company that lets anybody in your circle of friends and family gift directly into your child's 529 plan. So instead of another Barbie Doll or shirt from the Gap people can gift into your child's plan. It's a simple site and concept that helps people save for college and give meaningful gifts. The site is www.freshmanfund.com

I also write a blog on saving for college the site is www.giftingforcollege.com