The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "Sallie Mae" ...
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Sallie Mae
Sallie Mae, started in 1972 as a government sponsored enterprise meant to "encourage private banks to loan to students who were considered to be a credit risk," pushed became a private lender in 1997. Since then, the stock price "has gone up almost 2,000 percent" and company executives have become among the highest paid in the nation. CBS' 60 Minutes investigates, and explores the question of whether it's appropriate for Sallie Mae to act as both a lender and a collector.
Tags: Sallie Mae; student loans; student loan default; Higher Education Act; U.S. Department of Education
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School's pursuit of profit leaves students behind
This series is centered on the business of for-profit education. The first of two main articles took a broad look at the issue, and at Leigh Valley College in particular. The second focused on the school's financial impact on students. It examined the relationship between the country's no.2 education company, Career Education Corp, and the country's no.1 student loan provider, Sallie Mae. The article concluded that LVC is setting students up for a spiral of debt. Subsequent articles followed the impact of the first two.
Tags: tertiary education; Leigh Valley College; Career Education Corp.; Sallie Mae; student debt; State Department of Education
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Big Money on Campus: How Taxpayers are Getting Scammed by Student Loans
This story details how private lenders lure schools out of the federal government's cost - effective direct loan program and into exclusive contracts in the more expensive bank - based Federal Family Education Loan Program. Private lenders use questionable tactics that border on bribery to convince schools that they should switch programs. 62 colleges have entered this program since 2000, at a cost of roughly $250 million to the Treasury.
Tags: Sallie Mae
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Holding their ground
Guaranty agencies are now aggressive in the debate over student loans. Charges that they are mismanaging them is forcing their hands.
Tags: student loans; sallie mae; direct loans