student loan
Click a Flag to Translate the page
 |
 |
 |
 |
 |
 |
 |
 |
 |
UPDATE 1-SLM Corp. 2nd-quarter profit rises
NEW YORK, July 20 (Reuters) - SLM Corp. (SLM.N: Quote, Profile, Research), the largest U.S. student loan provider and known as Sallie Mae, on Thursday posted a higher second-quarter profit, as its managed student loan portfolio rose 12 percent.
Net income rose to $724 million, or $1.61 a share, from $296.5 million, or 66 cents per share, a year earlier.
Core earnings, an internal measure the company uses to guide investors that exclude gains and losses on its derivatives and hedging activity, rose to $320 million, or 72 cents a share, from $279 million, or 62 cents a share.
Subtracting the cost of stock-based compensation, core earnings were 70 cents a share, up from 60 cents a year ago.
The core earnings matched analysts forecasts, according to Reuters Estimates.
More student loan info
Public service attorneys may get student loan break
Public service attorneys in Kentucky may become eligible to save on their student loans from The Student Loan People with Best in Law benefits.
Best in Law provides interest and principal forgiveness each year that attorneys work in Kentucky as:
Public defenders.
.