Sallie Mae Share Decline is a `Buying Opportunity,' Says Thomas Weisel

(Bloomberg) -- A plunge in shares of SLM Corp.
yesterday has created a ``buying opportunity'' for investors as
the group planning to buy the largest U.S. student-loan provider
is unlikely to drop its offer because of congressional plans to
reduce subsidies for lenders, Thomas Weisel Partners Group said.

SLM, known as Sallie Mae, said yesterday it was warned by
buyers, led by private-equity firm J.C. Flowers & Co., that the
pending legislation ``could result in a failure'' to close the
purchase.


Read more at Bloomberg Stocks News

New Sallie Mae owners in responsible lending vow

(Reuters) - Last month, Sallie Mae reached a settlement with New York's
attorney general amid a widening scandal in the $85
billion-a-year student loan business.




Private equity firm J.C. Flowers & Co. and its partners in
the acquisition of Sallie Mae said the plans would be
implemented to enhance accountability and transparency when
their transaction is completed in late 2007.


Read more at Reuters.com Government Filings News