Can you assure us that the recent solution brokered by the Department of Education will allow companies like Sallie Mae to continue serving proprietary institutions?
Yes. As we have for our entire 35 year history, Sallie Mae will continue to make federal loans to all students, at all schools. The Department’s funding solution pertains to every type of federal loan — subsidized Stafford, unsubsidized Stafford, Graduate PLUS, and Parent PLUS — no matter what type of school a student attends. While some lenders have concluded that the funding solution is not sufficient to serving all schools, Sallie Mae’s primary goal is to ensure that students at all schools have continued access to federal student loans this fall.
