By Jon "DRJ" Najarian
The biggest provider of U.S. student loans, Sallie Mae (SLM), and three other companies won contracts to service $550 billion in loans owned by the Education Department. Nelnet (NNI), Great Lakes Education Loan Services, and AES/PHEAA also won servicing contracts. SLM closed at $7.69 yesterday but was up more than $1 at $8.78 in the pre-market and is at $7.90 mid-afternoon.
(Chart courtesy of tradeMONSTER)
