Article: Purdue University to Become School-as-Lender Participant in 2006.

RESTON, Va., March 20 /PRNewswire/ -- Sallie Mae today announced that Purdue University's West Lafayette campus will become a Federal Family Education Loan Program (FFELP) lender for its graduate and professional students beginning March 2006.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a )

Purdue has selected Sallie Mae to be the servicing partner for the FFELP School-as-Lender program. School as Lender allows eligible institutions to make loans and receive federal subsidies and secondary loan market proceeds, as well as provide competitive FFELP borrower benefits and need-based grant aid to students. Proceeds earned through the FFELP ...

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