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Sallie Mae agrees to be sold for $25 bln: report
Reuters - Sallie Mae , the largest U.S.
student loan company, agreed to be bought by two
private-investment funds, JPMorgan Chase & Co. and Bank
of America Corp. for $25 billion, the Wall Street
Journal reported on its Web site on Monday.
Sallie Mae agrees to sell company
AP - Sallie Mae, the nation's largest student-loan provide, said confirmed it agreed to sell the company to a group of investors for about $25 billion.
A Suitor for Sallie Mae?
BusinessWeek Online - Would being a private company lend Sallie Mae a hand amid greater government restrictions on the student loan biz? According to an Apr. 13 press report, SLM Corp. , the largest originator of federal student loans, is in talks about a more than $20 billion private equity buyout
Sallie Mae agrees to $25B takeover
AP - The nation's largest student lender, Sallie Mae, said Monday that it will be bought by a group of private investors for roughly $25 billion, a deal that comes as the $85 billion college loan industry faces increased scrutiny from regulators.
New York expands student loan probe to 13 lenders
Reuters - New York Attorney General Andrew
Cuomo's office said on Monday it expanded a sweeping
investigation into the student loan industry with subpoenas and
information requests to 13 more lenders, including some of the
largest U.S. banks.
Equity firms bid 25 bln dlrs for US student loan giant Sallie Mae
AFP - A group of private equity investors said Monday they were buying US student loan finance giant Sallie Mae for a hefty 25 billion dollars.
Cuomo settles with student lender
AP - A San Francisco-based lender will pay $2.5 million to end an investigation into claims that it paid more than 60 schools to steer students to take out its loans as an additional 13 lenders were hit with letters or subpoenas in a rapidly expanding probe, an official for state Attorney General Andrew Cuomo said Monday.
Sallie Mae to be bought for $25 billion
Reuters - Sallie Mae said on Monday
it had accepted a $25 billion takeover bid from two
private-investment funds along with JPMorgan Chase & Co.
and Bank of America Corp. in one of the largest
ever buyouts of a financial company.
Lawmaker questions $25-bln Sallie Mae buyout
Reuters - A senior U.S. lawmaker raised
questions on Monday about the impact on college students and
their families of a proposed $25-billion sale of student lender
Sallie Mae to private equity firms.
Sallie Mae to sell itself for $25 billion
Reuters - Sallie Mae, a student loan company
under fire from regulators and lawmakers, said on Monday it had
accepted a $25 billion takeover bid from two private equity
funds, JPMorgan Chase & Co. and Bank of America Corp.
Student aid officer quits loans rulemaker panel
Reuters - A university financial aid officer
has resigned from a federal rule-making panel after being asked
to step down amid a widening scandal involving student loans,
the U.S. Education Department said on Monday.
Subprime borrowers hurt by investment structure: Bair
Reuters - The mortgage investments that helped
fuel a recent U.S. housing boom now have many troubled
borrowers trapped in loans that they cannot afford, a top bank
regulator will tell Congress in a hearing on Tuesday.
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