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Loan Giant Sallie Mae Goes Private

Nation's largest student lender is sold for $25 billion

By Sarah Levy, Newser User

Posted Apr 17, 2007 8:37 AM CDT

(Newser) – A group of investors is buying student lending giant Sally Mae for $25 billion, even as Capitol Hill debates reducing federal subsidies for student loans. The company—which began as a quasi-public agency—will be taken private by Bank of America, JPMorganChase, and private equity... Read full story »

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private equity • Sallie Mae • student loans • Bank of America • J. C. Flowers • business • finance • shares • Friedman Fleischer and Lowe • JPMorgan Chase

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Loan Giant Sallie Mae Goes Private

Nation's largest student lender is sold for $25 billion

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private equity • Sallie Mae • student loans • Bank of America • J. C. Flowers • business • finance • shares • Friedman Fleischer and Lowe • JPMorgan Chase

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