Academic Research on Student Loan Marketing Association (SALLIE MAE)

• Privatizing federal credit programs: why Sallie Mae?, Corder, J. K., & Hoffmann, S. M. (2004). Public Administration Review, 64(2), 180-191. With the initial identity of the Sallie Mae as a government-sponsored corporation, it delivered well in its provision of loans for federally insured students. Aside from students, Sallie Mae also issue loans to privileged borrowers including farmers and homeowners. Despite the efficiency of Sallie Mae as a government-sponsored corporation, it was still privatized. This paper seeks to examine why a federal credit program like Sallie Mae was privatized and factors that explain its privatization. The privatization process of Sallie Mae started in 1994 but it fully matured in 2004. In a bid to find out factors that aid the privatization of Sallie Mae, this paper investigates the structure, capital market innovations, and growth of three government-sponsored corporations. 
• Undergraduate students and credit cards, Mae, N. (2002). Braintree, MA. This paper examines the rate of credit carda usage among undergraduates, it also analyses credit card trends among students. This paper conducts the analyses using credit cards usage and habits among undergraduate between age 18 and 24. This age bracket form the majority of undergraduate students that have credit cards in 2001. The prevalence of cards among the undergraduate student population is also examined. The percentage of undergraduate college students holding at least one card in 2001 has risen to 24% since 1998. Unlike previous times where freshmen have access to credit through student loan, this stuy finds out that many students entering college today have their first credit experience with a credit card. 
• The financialization of student life: Five propositions on student debt, Adamson, M. (2009). Polygraph, 21, 97-110. This paper examines how the financialization of student life has resulted in an increase on debt rate among students. This paper outlines five propositions on student debt that support the claim that financiaization of student life lead to student debt. The vast amount of debt incurred by students has increased year-in year-out since the 1970s when finacilaization actually began. For instance, the rate of student debt increased significantly in the graduating class of 2017 with an average debt of $21,900 which is almost 100% increase in student debt from 1997. Other propositions on student debts and the exponential increase in the amount of student debts are discussed in this paper. 
• Privatizing a Government Sponsored Enterprise: Lessons from the Sallie Mae Experience, Lea, M. (2005). The main goals of GSEs (Government Sponsored Enterprises) is to drive significant growth in the major government sectors such as education, health, agriculture, housing and others. Drawing evidence and lessons derived from the privatization of Sallie Mae, this paper examines the impacts of privatising a government-owned enterprise. Sallie Mae is a Student Loan Marketing Association that was formerly government-sponsored before it was privatized through an Act of Congress in 1996. Many problems and challenges are associated with the privatization of corporation, especially prominent and powerful ones as seen in the case is Sallie Mae. The paper discusses the rationale behind privatization and its impacts. 
• REFLECTIONS FROM FIRST-YEAR TEACHERS: RESPONSES FROM SALLIE MAE AWARD WINNERS., Daugherty, R. F. (2003). Education, 123(3).The economics of Sallie Mae, Arnold, T., Buchanan, B. G., & Robertson, J. F. (2012). Journal of Structured Finance, 18(2), 65. After Sallie Mae was created by a federal government act of 1972, it was efficient in providing student loans for federally insured students. Sallie Mae however became an independent enterprise after its privatization process was concluded in 2004. The privatization of Sallie Mae also led to its expanded operations as it caters for other things aside from student loans. This paper studies the economics of Sallie Mae since it became independent. The transitioning of Sallie Mae would also witness some changes in its economics which this paper seeks to investigate. 
• The student loan crisis and the future of higher education, Wenisch, M. (2012). Catholic Social Science Review, 17, 345-350. The 2008 economy downturn had exponential effects of diverse sectors of the econony including the education sector. This also contributed to the student loan crisis which grew significantly as student loan was predicted to exceed $1 trillion by 2012. This paper examines how the student loan crisis would affect the future of higher education. Due to the seemingly unsurmountable effects of the 2008 financial crisis and economy downturn, there has been a decline in employment prospects for college graduates as well as an increase in student loan debts. This paper studies how the hazard effects of economic downturn tend to prepare a stage for an outburst of student loan debts, it also examines these effects on the future of higher education. 
• Reducing Government Involvement in a Market: Lessons from the Privatisation of Sallie Mae, Stanton, T. H. (2008). Public Budgeting & Finance, 28(1), 101-123. This article examines the privatization of Sallie Mae. 
• Implications of the privatization of sallie mae, Dean, J. E., Moskowitz, S. L., & Cipriani, K. L. (1999). Journal of Public Budgeting, Accounting & Financial Management, 11(1), 56-80. This article examines the implicaitons of privatizing Salie Mae