Senators examine partnership between private equity firm and Sallie Mae
A group of Senate lawmakers are probing leadership at private equity firm KKR about the company’s recently announced multi-year strategic partnership with private student loan lender Sallie Mae. In a letter to CEOs Henry Kravis, George Roberts, Joseph Bae, and Scott Nuttall, the Senators said they are concerned about the advancement of private equity interests in the student loan industry. This has historically resulted in low transparency and harm to borrowers. “Private lenders have a...
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