Sallie Mae is expanding from student loans to credit cards

 

Source: Rebekah Tuchscherer - USA TODAY

Sallie Mae, the student loan provider once sponsored by the government, is expanding into credit cards.

The company this month unveiled a suite of three credit cards aimed at college students, recent graduates and young professionals. Its new cards offer rewards for responsible financial behavior. They come 18 months after the company introduced personal loans. 

But some consumer advocates warn that these young adults, many of whom have debt from school, shouldn't mix their student loans with credit cards. 

Read Full Article: Sallie Mae is expanding from student loans to credit cards

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