Sallie Mae in talks to go private: report

I don't know if this belongs here but I thought since they are the major loan provider for aviation students, I'll post it here:


http://news.yahoo.com/s/nm/20070413/bs_nm/salliemae_buyout_dc

Do you guys think this by any mean will affect the number of loan they give out on regular basis?

Maybe. I linked a report from last week about Congressional pressure to stop subsidizing private loan companies like Sallie Mae. But - I also believe (and I could be wrong) that the career loans are NOT subsidized by the govt like the education loans are. In which case it may not make a difference.
 
The Career Training loans are backed by private banks, not the Government. Do not expect much to change with that process, unless the new company / equity firm that purchases them seeks to get rid of that program - of which, I do not see happening considering the profit that SLM currently gets off of the interest.
 
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