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Released: July 24, 2011
Tuition refunds, but not quite on equal terms
Source: Ron Lieber, The New York Times
Sallie Mae wants to be a cradle-to-grave resource, helping parents save for their children’s college educations until they’re 18, then lending students money for tuition, helping them save for their own children’s bills and so on until they’re great-grandparents. In the last couple of years, Sallie Mae has been trying to deepen its financial ties with customers, adding an online bank and a credit card. And earlier this month, it added a curious product known as tuition refund insurance, which can make you whole if an ill child must withdraw from college sometime during the term.Read Full Article: Tuition refunds, but not quite on equal terms
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