Shares of the Student Loan Marketing Association jumped in active trading Monday as investors apparently decided that final plans by the government to restructure the college loan program were not as bad as expected.

Sallie Mae stock was up $1.625 to $49.125 at the close, with heavy volume of more than 2 million shares.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.