Yahoo! News: Education News

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• Sallie Mae cuts 2,500 jobs citing student loan law (AP)
• NCAA signs $10.8 billion basketball tourney TV deal (Reuters)
• Sallie Mae intensified lobbying amid loan overhaul (AP)

Sallie Mae cuts 2,500 jobs citing student loan law (AP) Posted: 22 Apr 2010 03:53 PM PDT AP - Sallie Mae says a new law that cuts banks out of the federal student loan business is costing 2,500 workers their jobs.

NCAA signs $10.8 billion basketball tourney TV deal (Reuters) Posted: 22 Apr 2010 01:12 PM PDT Reuters - The NCAA said on Thursday it signed a $10.8 billion deal with CBS Corp and Time Warner Inc's Turner Broadcasting for the media rights to its popular and soon-to-expand men's Division I college basketball tournament.

Sallie Mae intensified lobbying amid loan overhaul (AP) Posted: 22 Apr 2010 12:10 PM PDT AP - Student lender Sallie Mae spent $1.86 million to lobby the U.S. government in the first quarter, as lawmakers debated the passage of a law that cut private lenders out of the federal student loan program.

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