Welcome to the forum.
Click here for a start.
Interested in Language
I found this expression as I was reading about Lumina foundation. The Wikipedia says:
"Lumina Foundation is a conversion foundation created in mid-2000 as USA Group, Inc., the nation's largest private guarantor and administrator of education loans, sold most of its operating assets to the Student Loan Marketing Association, Inc. (Sallie Mae). "
Can anyone explain what does "Conversion Foundation" mean?
Thanks in advance.