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Congress

The Student Loan industry, led by Sallie Mae,  has paid for the influence of many, many members of Congress. By way of comparison: Sallie Mae has spent vastly more money in political campaign contributions than its much larger counterpart in the home mortgage industry, Fannie Mae (almost twice as much in the 2004 election cycle)! Albert Lord, Sallie Mae CEO and his wife, Suzanne, gave OVER $250,000 to candidates and PACs in 2004 alone! A majority of the contributions have gone to members of the House and Senate Education committees, but Sallie Mae and Lord have spread their ill-gotten wealth around much wider than just these committees. This includes an additional $250,000 gift to pay for the 2005 presidential inaugural celebration, and some very odd contributions to a PAC run by a family member of Senate Education Committee Chairman Mike Enzi (WY).

The list below shows the top 25 politicians in contributions from the Sallie Mae Political Action Committee (PAC). And this is only the money that they reported. If anyone reading this has any information about illegal campaign contributions by the Sallie Mae PAC, the Friends of Higher Education PAC, Individuals including Al Lord, Rose Dinapoli, Harrison Wadsworth, or any others, please let us know.

Politician
Reported $ received

 

1. BOEHNER, JOHN A, and The Freedom Project)

 

$166,470

2. MCKEON, HOWARD "BUCK"
$44,000
3. KANJORSKI, PAUL
$33,499
4. FROST, JONAS MARTIN
$29,100
5. MORAN, JAMES P
$27,000
6. OBEY, DAVID R
$25,000
7. KILDEE, DALE E
$25,000
8.DAVIS, THOMAS M
$22,500
9. MILLER, GEORGE
$22,375
10. WU, DAVID
$19,500
11. EDWARDS, CHET
$19,000
12. BOYD, F ALLEN JR
$18,500
13. POMEROY, EARL R
$16,000
14. NUSSLE, JIM
$16,000
15. GEPHARDT, RICHARD A
$16,000
16. BLUNT, ROY
$16,000
17. REYNOLDS, THOMAS M
$15,500
18. TORRICELLI, ROBERT G
$15,000
19. LOWEY, NITA M
$15,000
20. DASCHLE, THOMAS A
$15,000
21. BUSH, GEORGE W
$15,000
22. MOORE, DENNIS
$14,500
23. HOLT, RUSH
$14,000
24. GRAHAM, LINDSEY O
$13,600
25. MURRAY, PATTY
$13,000




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