(STAMFORD, Conn.)Student Loan Corp. said Friday second-quarter profit fell 40 percent, weighed down by an increase in its provision for loan losses. For the three months ended June 30, the company ...READ MORE
(NEW YORK)Shares of student lenders rose Friday, a day after Congress gave final approval to legislation that would lift limits on federally subsidized student loans.READ MORE
(WASHINGTON)With concerns rising that the pool of college loans available for next fall will be smaller and more expensive, the Bush administration is backing a measure aimed at bolstering stu...READ MORE
Among the earnings stories for Friday, April 18, from AP Financial News:
Top stories:
NEW YORK (AP) Citigroup Inc. lost $5.1 billion during the first quarter and will eliminate ...READ MORE
(STAMFORD, Conn.)
Student Loan Corp. said Friday its first-quarter earnings fell 66 percent due to reduced loan volume and rising loan-loss provisions.
Net income fell to $15 million, or 76 cents ...READ MORE
(WASHINGTON)
Sallie Mae cannot write money-losing student loans indefinitely.
Top executives are holding "daily deliberations" about just how long the nation's largest student lender can ...READ MORE
(NEW YORK)
Shares of SLM Corp. declined Wednesday morning after an analyst downgraded shares of the nation's largest student lender amid more signs that turmoil in the credit market is s...READ MORE