Post by NOTTHOR on Apr 16, 2008 9:02:57 GMT -6
The federales cut the student loan subsidies last year and we have had a massive credit crunch hit, which could cause students to be left without loans in the fall. Sallie Mae's stock (SLM) is getting hammered. A bunch of other lenders are scaling back operations (Citibank cut back theirs this morning).
The subisidies for student loans are, in my opinion, one of the most important pieces of federal government spending, as they help make it possible for thousands of people with gumption and drive to move up the socioeconomic ladder.
What do you guys think? Do you think the gov will let the largest student loan lender in the country, SLM, suck wind and leave tens of thousands of kids without student loans, or does SLM get some type of relief?
If the gov is going to step in, that stock could be a screaming buy at $16 and change.
The subisidies for student loans are, in my opinion, one of the most important pieces of federal government spending, as they help make it possible for thousands of people with gumption and drive to move up the socioeconomic ladder.
What do you guys think? Do you think the gov will let the largest student loan lender in the country, SLM, suck wind and leave tens of thousands of kids without student loans, or does SLM get some type of relief?
If the gov is going to step in, that stock could be a screaming buy at $16 and change.
