Though it will honor its obligation to borrowers through Academic Year 2007-2008, The College Board decided in April to end its student loan program citing that the new legislation and Code of Conduct policies have the unintended consequence of limiting The College Board's ability to fulfill its mission as a membership association. As a lender in the FFELP, The College Board contracted with Sallie Mae and Citibank to originate, service, and purchase student loans.
Check out the press release at:
http://www.collegeboard.com/press/releases/185157.html
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