Loan Danger

Sallie_maeMillions of students who otherwise would be unable to cover the cost have been able to pay for college, thanks to lending giant Sallie Mae. However, a new report from Education Sector’s Policy Analyst Erin Dillon shows that aggressive industry expansion, lax regulations, politics, and huge profit potential have combined to create a “climate that has empowered the lending industry to act aggressively at every turn, placing students at risk of paying inflated interest rates and fees on their federal loans and leaving taxpayers to pick up the tab for what members of Congress say are hundreds of millions of dollars in excessive subsidies for the student lending industry.”

Download the full report from Education Sector:
Leading Lady: Sallie Mae and the Origins of Today’s Student Loan Controversy (263K)