The Kept-Up Academic Librarian: Student Lenders Get More Competitive

May 17, 2007

Student Lenders Get More Competitive

With the student loan industry under scrutiny, at least three lenders are sweetening their discounts on loans, potentially cutting costs for millions of students. The lenders — Sallie Mae (SLM), Nelnet (NNI) and College Loan Corp. — say they've decided to make their loans more enticing because of fierce competition in the industry. "As the public turns its eye to the student loan market, the lenders are trying to appear competitive," says Luke Swarthout, a consumer advocate at the U.S. Public Interest Research Group. Read more at: http://www.usatoday.com/money/industries/banking/2007-05-15-student-loans-usat_N.htm?csp=34

May 17, 2007 11:43:40 AM | Finance

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