SLM News

Fitch Ratings believes the introduction of fixed-rate private student loans represents a competitively priced, privately financed option for students.

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The fixed interest rates on the new loans will range between 5.75% and 12.875% and will depend on the customer's credit history and other factors.

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SLM Corp. , the student lender known as Sallie Mae, plans to offer its first fixed-rate private loans this month to compete with government-backed loans, which have more protection for borrowers.

Walt Disney Co.’s ABC News announced plans to team up with Univision Communications Inc.