07.08.2015 Views

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 ...

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!