-- Posted by Majo at 4:29 pm on April 17, 2008 WASHINGTON (Reuters) - Sallie Mae (SLM.N), the largest U.S. student loan company, on Thursday affirmed its 2008 profit forecast, but warned of a "train wreck" in the $85 billion education financing market without urgent government intervention. The company said it still expected "core" earnings of $1.70 to $1.80 a share for the year. But Chief Executive Al Lord told analysts on a conference call: "We've been predicting something of a train wreck" in mid-2008 without prompt changes in a market hit by fallout from the subprime mortgage crisis and cuts last year in federal subsidies to student lenders. As a result, Lord said Sallie Mae's new loans for the most part would lose money. [...] Source Yikes... -- Posted by PimpMyHoes at 4:30 pm on April 17, 2008 they do my loans :( -- Posted by Majo at 4:31 pm on April 17, 2008 I used them last semester. I don't think I did this semester because they don't work with my currrent school but they'd be the first ones I'd go to if I needed a loan and could get it there.