• JULY 23, 2008, 5:41 P.M. ET

Sallie Mae's Net Income Falls 72%

By ANDREW EDWARDS

more in Earnings »

Student loan giant SLM Corp., or Sallie Mae, posted net income down 72% amid higher, but improving funding costs, which the company has said threatened its ability to remain profitable.

Sallie Mae reported net income of $266 million, or 50 cents a share, compared ...

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