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Sometimes, this included making use of the muscle tissue provided by their character as a respected purveyor of federal financing.

Sometimes, this included making use of the muscle tissue provided by their character as a respected purveyor of federal financing.

“Sallie Mae is the student-loan market’s Microsoft,” one fighting servicer informed the Chronicle of degree in 2000. “[It] bundles the services to [banks and educational funding divisions]. They claim, ‘If you want united states to originate and disburse your financing, you must promote these to all of us at below-market prices.’”

During this period, the business enhanced their companies in predatory subprime exclusive financing, that it pushed on individuals in an effort to close the education loan “donut hole” created by increasing costs. Continuar lendo Sometimes, this included making use of the muscle tissue provided by their character as a respected purveyor of federal financing.