Students are being raped by the US Govt.

Sallie Mae Profit Jumps 65 Percent (washingtonpost.com)

Sallie Mae Profit Jumps 65 Percent

Friday, July 16, 2004; Page E02

Student-loan provider SLM Corp., known as Sallie Mae, said second-quarter profit rose by almost two-thirds from the same quarter a year ago due to a sharp jump in loan originations.

Reston-based Sallie Mae earned $615 million ($1.36 a share), up from $373 million (80 cents).

Its core cash earnings, which it says are a better way of tracking the business, rose to $237 million (52 cents) from $210 million (44 cents). That matched the average forecast of analysts surveyed by Thomson First Call.

During the quarter, Sallie Mae said, loans originated by its owned or affiliated brands rose 24 percent, to $2.3 billion.

Sallie Mae's managed loan portfolio was $94.9 billion at the end of the quarter, a 14 percent increase from June 2003 levels.

For the first six months of the year, the company reported profit of $906 million ($2) up from $789 million ($1.68) for the first six months of 2003.

Sallie Mae shares rose 78 cents, or 2 percent, to close at $38.74 yesterday on the New York Stock Exchange

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Drill offshore now

Hang the bastards. Boycott Sallie Mae, and anyone else who charges interest on a lone. It's down right un-socialistic.

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If you want change stop electing "liberal: democrats and "radical" Republicans. Find and support true Conservatives; those who believe in fiscal responsibilities, individual accountability, and a smaller government, with less control of your daily life.

Lone..............................

Congress should be arrested for allowing profits.

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Drill offshore now

I'm a socialest now crowley, speling is illrelivent.

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If you want change stop electing "liberal: democrats and "radical" Republicans. Find and support true Conservatives; those who believe in fiscal responsibilities, individual accountability, and a smaller government, with less control of your daily life.

Hehehe crowley can now understand your posts.

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Drill offshore now

My husband had Sallie Mae loans, we actually used our wedding money to pay it off.

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honor the fallen; http://www.militarycity.com/valor/honor.html
Iraq body count http://www.iraqbodycount.org/

That's sad.
50% of what you guys paid were profits.
In addition, many of these schools have multi-billion dollar endowments.
Across the nation, school tuitions could be cut in half.
On average, Professors make over $135,000 working about 6 months each year.
Salaries need to be cut and profits need to be eliminated.

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Drill offshore now

ummm...that was back in 1990.

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honor the fallen; http://www.militarycity.com/valor/honor.html
Iraq body count http://www.iraqbodycount.org/

You are old.

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Drill offshore now