Sallie Mae CEO Doesn't See Loan Bubble
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Albert Lord, the CEO of Sallie Mae, told industry analysts Thursday that he does not believe reports suggesting a bubble ahead for student loans, Bloomberg reported. "We don’t see anything of any evidence close to a bubble," Lord said. "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." Sallie Mae expects to originate $3.2 billion in education loans this year.