Income sinks at Student Loan Corp.

Here’s a nugget of information for your college student: net income is down by $53 million at the Student Loan Corp. The Stamford-based company reported a net income of $25 million in the third quarter of 2007, down from $78 million at the same time last year. The company cites a $2.2 billion down turn in loan sales and a tax impact of $11 million after the enactment of the College Cost Reduction and Access Act.