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Financial Docs Show Universities Are Huge Investors In Student Loan Industry »
University endowments and teachers’ pension funds are among big investors in Sallie Mae, the private lender that has been generating enormous profits thanks to soaring student debt and the climbing cost of education, a Huffington Post review of financial documents has revealed. The previously unreported investments mean that education professionals are able to profit twice off the same student: first by hiking the cost of tuition, then through dividends and higher valuations on their holdings in Sallie Mae, the largest student lender and loan servicer in the country, which profits by charging relatively high interest rates on its loans and not refinancing high-rate loans after students graduate and get well-paying jobs. Source Main page (current trends)
More about: Financial Docs Show Universities, Huffington Post, private lender, Sallie Mae, Student Debt, student lender, Student Loan Industry, teachers’ pension funds, University endowments