FBR Capital Confirms GAO Rejects ACS Servicing Bid Protests; Modest Postive for SLM, NNI
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FBR Capital confirmed that the GAO has officially rejected Affiliated Computer Services' (NYSE: ACS) protestations of the Direct Loan servicing contracts awarded to Sallie Mae, Nelnet, Great Lakes and PHEA at the end of July, ending any speculation that ACS could possibly become a fifth servicer of loans under the contract.
The firm said this is a slight positive for SLM (NYSE: SLM) and Nelnet Inc. (NYSE: NNI).
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