Sallie Mae creates a new kind of accountability for US colleges

According to the Chronicle of Higher Education, student loan giant Sallie Mae may have made more progress towards college accountability in a single day last month, than a US commission was able to do in a year.  The student loan provider reports that most of its losses on private loans were given to students at colleges with low graduation rates.  Sallie Mae has therefore decided to stop offering loans to students at these schools, and also to cut back on its government-subsidized lending: "We're investing in completed educations. Graduates."