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Policy Director Kevin Carey comments on a recent Senate HELP Committee hearing on for-profit colleges.


 
Who We Are » Media Room » Education Sector in the News » Sallie Mae Draws Fire in Report

Media Room

Education Sector in the News

Sallie Mae Draws Fire in Report

Web Address:
http://chronicle.com/daily/2007/05/2007051602n.htm
Publication Date:
May 16, 2007
Publisher:
The Chronicle of Higher Education

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The Chronicle of Higher Education cites the Education Sector Report, "Leading Lady."

Excerpted from the article, "Sallie Mae Draws Fire in Reports From Groups on Both Ends of the Political Spectrum":

"Sallie Mae, the nation's largest student-loan provider, is enduring a new round of attacks from across the political spectrum. A pair of reports issued on Tuesday—one by the American Enterprise Institute and the other by Education Sector—assign Sallie Mae a leading share of responsibility for the scandals now buffeting the $85-billion-a-year student-loan industry.

'The story of Sallie Mae's rise from a government-sponsored agency created to help needy students to a private corporation with a $142-billion loan portfolio goes a long way toward explaining how and why the student-loan industry has landed at the center of controversy,' Erin Dillon, a policy analyst at Education Sector, wrote in her report, 'Leading Lady: Sallie Mae and the Origins of the Student-Loan Controversy.…'"

Read the full article, written by Paul Basken, on The Chronicle's Web site.


 

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