Sallie Mae and its dissident shareholders fought to a draw Thursday, agreeing to mediation after neither side's plan for the student loan concern prevailed.

The parties announced the mediation effort after Sallie Mae's privatization plan failed to garner enough votes at the second meeting of the company's shareholders in a week.

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.