Delaware University Students Plan Protest of Sallie Mae

May 24, 2012


NEWARK, Del. (AP) - A group of college students and recent graduates is planning to protest at the annual shareholders meeting of student loan company Sallie Mae.

The students say they should not be forced to pay back loans they took out for their education, and that Sallie Mae should forgive their student debt.

They plan to protest at Sallie Mae's annual meeting Thursday at the company's Newark headquarters.

About three dozen people were arrested in March at similar protest at Sallie Mae's Washington, D.C. offices.

Sallie Mae, a private lender that also services some government-backed student loans, announced earlier this month that it will offer fixed-rate loans for the first time to help students and their families pay for college.