Occasionally, this involved utilising the strength supplied by its role as a number one purveyor of national debts.

Occasionally, this involved utilising the strength supplied by its role as a number one purveyor of national debts. “Sallie Mae will be the student-loan business’s Microsoft,” one fighting servicer informed the Chronicle of Higher Education in 2000. “[It] bundles their treatments to [banks and financial aid departments]. People say, ‘If you would like united states to originate and disburse their loans, you need to promote them to all of us at below-market rate.’” In those times, the organization increasing its businesses in...