Summary: Between October 1986 and December 1991, the Student Loan Marketing Association (Sallie Mae) handled 183 transactions totaling $2 billion to build or renovate facilities at about 150 academic institutions, including both public and private colleges and universities as well as teaching hospitals. The underwritten projects ranged from construction and renovation of classrooms, libraries, and dormitories to purchases of computer equipment and telecommunications systems. Data were unavailable on proposed projects disapproved by Sallie Mae. Recent legislation restricted Sallie Mae's authority to finance some types of college construction projects and eliminated financing for others. Sallie Mae believes that it would have been unable to finance more than half of the $2 billion in building projects had the legislation been in effect earlier. Projects that likely would not have qualified for financing included $59 million for student and faculty housing and $1 billion for athletic and recreational facilities and teaching hospitals.
