Career Education says Sallie Mae terminates loan program

martedì 22 gennaio 2008 18:35

Jan 22 (Reuters) - Career Education Corp (CECO.O: Quotazione) said in a regulatory filing that SLM Corp, commonly known as Sallie Mae SLM.N, is terminating its recourse loan program with the company. The for-profit education company said it is working with Sallie Mae to arrange continued funding for students that currently utilize recourse loans, as well as an interim solution for a period beyond the next 30 days for new students. (Reporting by Sreerupa Mitra in Bangalore; Editing by Deepak Kannan)