Albert Lord, Chairman of Sallie Mae unloaded a third of his stock in Sallie Mae just before a news came of cuts from the federal government. He sold 18.3 million dollars worth of stock, roughly 23% of the company. A company spokesman said the sale had been planned for weeks but One can’t help and [...]
Apparently Thomas Fitzpatrick is under the delusional impression that Families and students across America view Sallie Mae as a bastion of hope and a helper of the underdog. He sees Sallie Mae as a helper and a company which gives students a helping hand. This delusion has led him to cry out against [...]
Arrow Financial Services, a company owned by lending giant Sallie Mae is being charged in Illinois with aggressive collection tactics. The Chicago Sun Times reports on the allegations:
The suit alleges that Arrow engaged in such practices as trying to collect debts that have been discharged in bankruptcy, using profanity, and withdrawing money without authorization [...]
The Daily Texan, the student newspaper at the University of Texas published an article which highlights the current loan bill being floated around Washington. The bill which met great success in the house this week would cut Subsidized Federal Loan interest rates to 3.4% by 2011. Unfortunately the article states that President Bush [...]
Sallie Mae recently announced its 4th Quarter results which contain some interesting information. The biggest news is that Sallie Mae had a 96% drop in profits for the fourth quarter. The drop in profits however does not relate to the actual core business which is made up of the loans it manages. The loss was [...]
After close to a year of waiting for Sallie Mae to transfer my wife’s loans to AES along with the rest of our federal college loans without success I have decided to share the experience with the public.
What I hope this will accomplish
Sallie Mae will accept a Loan Verification Form and Pass along a Final [...]
