Sallie Mae CEO Albert Lord Rejects Education Loan Bubble Claims

04/19/2012 03:53 pm ET
  • www.bloomberg.com

Albert Lord, chief executive officer of student lender SLM Corp. (SLM), challenged claims that education debt is ballooning to dangerous levels.

“We don’t see anything of any evidence close to a bubble,” Lord said today on a conference call with analysts. “This country underwent a significant financial crisis in our very recent past. It’s not really a surprise that many see bubbles around every corner.”

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