Bloomberg Businessweek reports that, despite being cut off from making new federal student loans, Sallie Mae is still making money, now through private student loans and servicing existing federal loans. Since it’s inception in 1972 as a government-sponsored enterprise with the narrow mission of supporting a secondary market for student loans, Sallie Mae certainly has proved its ability to adapt to changing times. Of course, the seemingly insatiable demand for student loans helps.
- Higher Education
- K-12 Education