The Privatization of Sallie Mae and its Consequences
The Privatization of Sallie Mae and its Consequences - Thomas H ...
The Privatization of Sallie Mae and its Consequences - Thomas H ...
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<strong>Sallie</strong> <strong>Mae</strong>’s s Continuing Growth<strong>The</strong> company continued <strong>its</strong> expansion:Acquired Upromise (saving for college)Established <strong>Sallie</strong> <strong>Mae</strong> Bank (ILC)2006: <strong>Sallie</strong> <strong>Mae</strong> held 35% <strong>of</strong> federal guaranteedloans; second largest company held 8 percent2007: agreed to be bought by private equityinvestors + Bank <strong>of</strong> America + JP Morgan Chase11