SLM Corporation

MMI offers tips for understanding the CARD Act. While only 10 percent of respondents in a recent Money Management International (MMI) survey believe students should use credit cards to finance college costs, many students get their first credit card while they are in college.

WASHINGTON (Reuters) - President Barack Obama's stalled bid to overhaul the federal student loan program by cutting subsidies to private lenders and increasing aid to students received a boost on Friday.

CIT Group President, COO Alexander Mason is latest to depart lender CIT post-bankruptcy. CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, said Monday that President and Chief Operating Officer Alexander T. Mason will leave the company later this month.

Sallie Mae posts 4Q profit, reverses year-ago loss; misses Wall St. estimate on charges, sale. The student lender best known as Sallie Mae reversed its year-ago loss and posted a fourth-quarter profit Wednesday, partly as a result of higher revenue from interest and fees.

Business events and economic reports scheduled for the coming week. MONDAY, Jan. 18

CIT Group names 3 outsiders in shift to a more independent board after bankruptcy. CIT Group Inc. on Tuesday announced the appointments of three outsiders to its board of directors and the resignation of two others, completing a shift to a more independent board to guide the commercial lender's restructuring.

Celebrities, lobbyists, fundraisers among early visitors to Obama White House. Celebrities George Clooney and Oprah Winfrey and prominent lobbyists, corporate executives and Democratic fundraisers were among the first to score visits with President Barack Obama, his wife Michelle or top aides at the White House, newly released records show.

Celebrities, lobbyists, fundraisers among early visitors to Obama White House. Celebrities George Clooney and Oprah Winfrey and prominent lobbyists, corporate executives and Democratic fundraisers were among the first to score visits with President Barack Obama, his wife Michelle or top aides at the White House, newly released records show.

Winfrey, Clooney, Gates among visitors to Obama White House. Celebrities Oprah Winfrey, George Clooney and Denzel Washington, prominent Democratic fundraisers and heavyweights from the financial services and high-tech industries were among those landing visits with President Barack Obama or others at the White House during Obama's first months in office.

Movers roundup: Gilead Sciences shares slip, SLM stock rallies on improvement in loan defaults. Among the stock activity stories for Wednesday, Oct. 21, from AP Financial News:

Sallie Mae posts 3Q profit on improved credit market; shares rise. The student lender best known as Sallie Mae posted a third-quarter profit that beat Wall Street expectations as credit markets improved and student loan activity increased.

Earnings roundup: Sallie Mae posts 3Q gain on debt repurchases, Cymer profit more than doubles. Among the earnings stories for Tuesday, Oct. 20, from AP Financial News: