The Student Loan Marketing Assn. (Sallie Mae)...
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The Student Loan Marketing Assn. (Sallie Mae) posted a 25% increase in income to $181 million for the year ended Dec. 31. The Washington-based firm attributed the strong performance to significant growth in loan assets, primarily student loans owned. The firm also cited the reduction in the federal corporate income tax rate to 40% from 46%.
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