loan mae sallie student
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Sallie Mae 2Q Profit Surges on Loans
RESTON, Va. (AP) - SLM Corp., the lending institution commonly known as Sallie Mae, on Thursday said second-quarter profit surged, driven higher by hefty increases in student loan securitizations and hedging activities.
After paying preferred dividends, earnings soared to $715 million, or $1.61 per share, from $143.3 million, or 35 cents per share, in the 2005 quarter. The recent results include pretax gains on derivative and hedging activities of $123 million versus a loss of $106 million last year.
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Hours Remain for Borrowers to Lock in a Low Interest Rate Through ...
RESTON, Va., June 29 /PRNewswire/ -- In a matter of hours, on July 1, interest rates on most federally guaranteed student loans will jump by nearly 2 full percentage points. To avoid the rate increase, borrowers must submit their Federal Consolidation Loan application by midnight on Friday, June 30, 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a )
To respond to last-minute requests from borrowers seeking to lock in today's interest rates through student loan consolidation, Sallie Mae will divert all available customer service personnel to focus on helping individuals with consolidation-related issues.
"By redirecting all available resources in the final hours of this unusual interest rate environment, we will help our borrowers receive the best possible service and the lowest possible rate when they consolidate their loans," said Keith D'Ambra, senior vice president of loan consolidation, Sallie Mae.