January 25, 2008

Sallie Mae stops lending private loans to students with low credit

Posted in Student Loan News at 10:32 AM by Joe From Boston


According to a document obtained and shared by NCHelp.org, Sallie Mae will stop lending private loans to student with low credit – often referred to as “subprime loans”.

Read the whole article on this PDF for various reasons why.  The relevant article is listed on page 10 of the PDF.

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