It would seem that Sallie Mae (SLM) will be in trouble once again. If the Senate votes along the lines of the house it would seem that Sallie Mae will lose a lot of their revenue stream, although they could still service existing loans, and compete to service a few future student loans. I cannot see how the US govt lending directly to students would not hurt Sallie Mae badly? While they would not go out of business, their stock seems to have a good chance of going lower.