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	<title>Stock Blog Hub &#187; STU</title>
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		<title>(SLM) Sallie Mae Earnings Report Beats Estimates</title>
		<link>http://www.stockbloghub.com/2010/11/17/slm-sallie-mae-earnings-report-beats-estimates/55927</link>
		<comments>http://www.stockbloghub.com/2010/11/17/slm-sallie-mae-earnings-report-beats-estimates/55927#comments</comments>
		<pubDate>Thu, 18 Nov 2010 04:57:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Credit Services]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[SLM]]></category>
		<category><![CDATA[Slm Corporation]]></category>
		<category><![CDATA[STU]]></category>
		<category><![CDATA[Student Loan Corporation]]></category>

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		<description><![CDATA[SLM Corp. (SLM), commonly known as Sallie Mae, reported third quarter core earnings of $189 million or 35 cents per share, ahead of the Zacks Consensus Estimate of 27 cents. The results compare favorably with the prior-year quarter’s core earnings of $164 million or 26 cents per share. The better-than-expected results were primarily driven by higher interest income on its student loans. However, on a GAAP basis, Sallie Mae reported a quarterly net loss of $495 million or $1.06 per share, compared with a net income of $159 million or 25 cents per share in the year-ago quarter. The quarterly loss reflected a $660 million goodwill and intangible asset pre-tax impairment charges and a $183 million unrealized, mark-to-market, pre-tax loss on certain derivative contracts. Behind the Headline Numbers After provisions ]]></description>
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		<title>(C) Citigroup Quits Private Student Loan Business</title>
		<link>http://www.stockbloghub.com/2010/09/20/c-citigroup-quits-private-student-loan-business/52225</link>
		<comments>http://www.stockbloghub.com/2010/09/20/c-citigroup-quits-private-student-loan-business/52225#comments</comments>
		<pubDate>Tue, 21 Sep 2010 05:04:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DFS]]></category>
		<category><![CDATA[Discover Financial Services]]></category>
		<category><![CDATA[SLM]]></category>
		<category><![CDATA[Slm Corporation]]></category>
		<category><![CDATA[STU]]></category>
		<category><![CDATA[Student Loan Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52225</guid>
		<description><![CDATA[Citigroup Inc. (C) has decided to exit its private student loan business. Its indirect subsidiary, Student Loan Corporation (STU) has signed definitive agreements with Discover Financial Services (DFS) and SLM Corporation or Sallie Mae (SLM) for divesting its business through a string of transactions. Citi has an 80% ownership in Student Loan Corp., and the rest is owned by public shareholders. Deal Details Discover would acquire Student Loan Corp. and its $4 billon of its private student loans, while Sallie Mae will acquire $28 billion of securitized federal student loans and related assets from Student Loan Corp. Citi itself would also acquire certain federal and private student loans and other assets totaling $8.7 billion from Student Loan Corp. Additionally, $4.7 billion in Federal Family Education Loan Program (FFELP) loans would ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(NNI) Nelnet&#8217;s CUnet to Buy Sparkroom</title>
		<link>http://www.stockbloghub.com/2010/01/12/nni-nelnets-cunet-to-buy-sparkroom/24812</link>
		<comments>http://www.stockbloghub.com/2010/01/12/nni-nelnets-cunet-to-buy-sparkroom/24812#comments</comments>
		<pubDate>Wed, 13 Jan 2010 06:03:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Credit Services]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[COCO]]></category>
		<category><![CDATA[Corinthian Colleges Inc.]]></category>
		<category><![CDATA[ESI]]></category>
		<category><![CDATA[ITT Educational Services Inc.]]></category>
		<category><![CDATA[Nelnet Inc.]]></category>
		<category><![CDATA[NNI]]></category>
		<category><![CDATA[SLM]]></category>
		<category><![CDATA[Slm Corporation]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[STU]]></category>
		<category><![CDATA[Student Loan Corporation]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24812</guid>
		<description><![CDATA[CUnet, a subsidiary of Nelnet Inc.’s (NNI), announced yesterday that it has agreed to acquire Sparkroom, a provider of enrollment marketing automation and lead performance management solutions. The transaction is expected to close on Feb. 1, 2010. Terms of the deal were not disclosed. Sparkroom co-founders Jamie McDonald and Jamie Shulman will remain with the company and will continue to lead Sparkroom and its associates from Toronto. The Nelnet subsidiary provides online performance media and interactive marketing services, which drives qualified student enquiries and enrollments for the higher education industry. Sparkroom&#8217;s Lead Performance Management product suite offers comprehensive technology tools to education marketers. The acquisition will help in offering an industry-leading mix of marketing services and technology solutions for educational institutions from a single provider. This acquisition is a strategic ]]></description>
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		</item>
		<item>
		<title>(SLM) SLM Corporation (Sallie Mae) Beats Earnings Estimate</title>
		<link>http://www.stockbloghub.com/2009/10/21/slm-slm-corporation-sallie-mae-beats-earnings-estimate/18368</link>
		<comments>http://www.stockbloghub.com/2009/10/21/slm-slm-corporation-sallie-mae-beats-earnings-estimate/18368#comments</comments>
		<pubDate>Wed, 21 Oct 2009 22:48:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Credit Services]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[COCO]]></category>
		<category><![CDATA[Corinthian Colleges Inc.]]></category>
		<category><![CDATA[ESI]]></category>
		<category><![CDATA[ITT Educational Services Inc.]]></category>
		<category><![CDATA[Nelnet Inc.]]></category>
		<category><![CDATA[NNI]]></category>
		<category><![CDATA[SLM]]></category>
		<category><![CDATA[Slm Corporation]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[STU]]></category>
		<category><![CDATA[Student Loan Corporation]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18368</guid>
		<description><![CDATA[SLM Corporation (SLM) or commonly know as Sallie Mae, reported third quarter core earnings of $164 million or 26 cents per share. Results were well ahead of the Zacks Consensus Estimate of 8 cents per share. The company had earned 19 cents in the year-ago period. Results reflected improvements in the credit market and an increase in loan originations. However, loan loss provisions remain high. Quarterly results included a gain of $74 million on the repurchase of debt and a $55 million accounting adjustment to reflect slower loan prepayments. Sallie Mae posted a net income attributable to common stock of $116.5 million, or 25 cents per share, compared with a loss of $186 million, or 40 cents, in the year-ago period. Core earnings return on assets was 0.31%, up 6 ]]></description>
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		<title>(SLM) House of Representatives Approves Student Loan Bill</title>
		<link>http://www.stockbloghub.com/2009/09/18/slm-house-of-representatives-approves-student-loan-bill/15663</link>
		<comments>http://www.stockbloghub.com/2009/09/18/slm-house-of-representatives-approves-student-loan-bill/15663#comments</comments>
		<pubDate>Fri, 18 Sep 2009 23:21:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[COCO]]></category>
		<category><![CDATA[Corinthian Colleges Inc.]]></category>
		<category><![CDATA[ESI]]></category>
		<category><![CDATA[ITT Educational Services Inc.]]></category>
		<category><![CDATA[Nelnet Inc.]]></category>
		<category><![CDATA[NNI]]></category>
		<category><![CDATA[SLM]]></category>
		<category><![CDATA[SLM Corp.]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[STU]]></category>
		<category><![CDATA[Student Loan Corp.]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15663</guid>
		<description><![CDATA[On Thursday, the House of Representatives approved a bill that would effectively eliminate the role of private lenders in the student loan market and establish the government as the sole lender of student loans under a program run by the US Education department. The bill, which was passed with a 253-171 vote, will now be reviewed by the Senate. If enacted, the bill would put an end to the Federal Family Education Loan Program and severely impact banks, particularly student lender SLM Corp. or Sallie Mae (SLM). Besides Sallie Mae, other companies who could be at risk under the new legislation are Student Loan Corp. (STU), Nelnet Inc. (NNI), ITT Educational Services (ESI), SunTrust Banks (STI) and Corinthian Colleges Inc. (COCO). According to the Congressional Budget office, this bill would ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SLM) Fitch Ratings Downgrades Sallie Mae</title>
		<link>http://www.stockbloghub.com/2009/09/16/slm-fitch-ratings-downgrades-sallie-mae/15371</link>
		<comments>http://www.stockbloghub.com/2009/09/16/slm-fitch-ratings-downgrades-sallie-mae/15371#comments</comments>
		<pubDate>Wed, 16 Sep 2009 22:13:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[COCO]]></category>
		<category><![CDATA[Corinthian Colleges Inc.]]></category>
		<category><![CDATA[ESI]]></category>
		<category><![CDATA[ITT Educational Services Inc.]]></category>
		<category><![CDATA[Nelnet Inc.]]></category>
		<category><![CDATA[NNI]]></category>
		<category><![CDATA[SLM]]></category>
		<category><![CDATA[SLM Corp.]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[STU]]></category>
		<category><![CDATA[Student Loan Corp.]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15371</guid>
		<description><![CDATA[The corporate ratings of student lender SLM Corp. or Sallie Mae (SLM) was downgraded by Fitch Ratings yesterday. The outlook assigned was negative. The ratings downgrade reflects the agency’s concern about the company’s business model. Fitch expects the company to continue to shift to a fee-for-service business model with its subsidiary Sallie Mae Bank originating higher-risk private education loans. Fitch downgraded the long-term issuer default and senior debt ratings to &#8220;BBB-&#8221; from &#8220;BBB&#8221;, while preferred stock was downgraded to &#8220;BB&#8221; from &#8220;BB+&#8221;. The short-term issuer default rating and short-term debt ratings were affirmed at &#8220;F3&#8243;. About $34.4 billion of debt and preferred stock is affected by these actions. To restore the $92 billion student loan market, the House Education committee approved a legislation, which closes the Federal Family Education Loan ]]></description>
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