In a news story Thursday (“Consolidated loans cut as Sallie Mae takes loss,” p. 1), it was incorrectly implied due to a reporting error that Sallie Mae’s declining stock value is related to the top-third of Federal Family Education Loan Program loan providers shutting down their programs. It was also incorrectly stated that Sallie Mae spokeswoman Beth Guerard said the reason the consolidated loans the company is cutting are unattractive to students because they only have one rate. In fact, federally fixed rates for Stafford and PLUS loans make consolidated loans comparitively less attractive. It was also incorrectly stated that Sallie Mae’s consolidated loan cut was not the company’s decision and that it was following federal government regulations. In fact, the federal government sets origination fee rates for the loans. It was also incorrectly stated that the loans will not have any interest by 2010. In fact, the origination fee will be phased out by 2010. It was also incorrectly implied that Guerard said Sallie Mae has been pushing its lending efforts toward college students due to limited support from Congress. In fact, she said fiscal and market pressures have pushed Sallie Mae toward the college student market.