Sallie Mae CEO Albert Lord Rejects Education Loan Bubble Claims

04/19/2012 03:53 pm ET

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.”