Student loan provider Sallie Mae announced last week that it is looking to the wholesale consolidation loan business for its next growth channel.

During a presentation last week at the Bank of America's 36th Annual Investment Conference last week, Sallie Mae CEO Timothy Fitzpatrick said the student loan provider had already purchased several wholesale portfolios of consolidation loan paper, and would continue with that line of business. It is still unclear, however, if Sallie Mae would fund venture through securitization.

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