Sallie Mae is interested in buying student lenders that are facing the end of the Federal Family Education Loan Program (FFELP), according to a Dow Jones report. This was announced at an investor conference held on Wednesday, the report said.

According to the Dow Jones report, Sallie's Vice Chairman and Chief Financial Officer Jack Remondi announced to participants at the Barclays' Financial Services Conference held in London that Sallie might be interested in exploring Citigroup's student lending operations. Citi is the next largest player in the industry.

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