Student Loan Marketing Assn.: The federally chartered...
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From Times Staff and Wire Reports
Student Loan Marketing Assn.: The federally chartered corporation, also known as Sallie Mae, posted profit of $258 million for fiscal 1989, up 14% from the previous year. The Washington concern, which buys insured student loans and provides other financial services to financial and educational institutions, attributed the results to record student loan purchase volume combined with significant gains in loan servicing efficiency.
