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 GrowthNew York State Attorney General on<strong>Sallie</strong> <strong>Mae</strong> ties to schools:• Sponsoring “advisory boards” comprised <strong>of</strong> schoolfinancial aid <strong>of</strong>ficers, to whom <strong>Sallie</strong> <strong>Mae</strong> providedremuneration, travel <strong>and</strong> lodging fees;• Contracting with 20 schools to provide call-centercenterservices;• Providing “entertainment” to <strong>of</strong>ficials at schools withwhich it does loan business; <strong>and</strong>• Offering opportunity loans to “credit challenged”academically qualified students.13