Will GOP control of Washington drive more student loans to Sallie Mae? [Yahoo! Finance]
Discover Financial Services (DFS)
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Source: Yahoo! Finance
that federal student loans will be scaled back under Republican power, driving more business to the private sector. Trump's victory, along with incoming GOP majorities in both the House and Senate, has renewed talk that federal loans to both graduate students and parents of undergraduates will be either curtailed or eliminated. Sallie Mae's stock has ripped 23% since the election. If major student loan reforms get enacted, the company's dominance in the private market could position it to gain lots of additional customers who would've previously turned to the federal government. "Given the size of these programs, even minor cuts or curtailments could have a material positive impact to SLM's origination volume potential," Compass Point Research analyst Giuliano Bologna wrote in a note to clients, referring to Sallie Mae's stock ticker. Sallie Mae, once part of the federal government, makes more than half of the nearly $14 billion in private higher education loans taken out ever
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