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SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking.Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans.
Navient Corporation is an American student loan servicer based in Wilmington, Delaware.Managing nearly $300 billion in student loans for more than 12 million debtors, the company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient.
SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, announced plans to be acquired by a consortium of private equity firms and large investment banks including JC Flowers, Friedman Fleischer & Lowe, Bank of America and JPMorgan Chase [93] [94] With the onset of the credit crunch in July 2007, the buyout of Sallie Mae encountered ...
SLM Corp. (NASDAQ: SLM) is about to migrate yet even further away from the Sallie Mae that you used to know when you were in college. Now that the student loan market is largely under government ...
Higher One Acquires Sallie Mae's Campus Solutions Business Acquisition Strengthens Higher One's Payment and Refund Service Capabilities NEW HAVEN, Conn. & NEWARK, Del.--(BUSINESS WIRE)-- Higher ...
After an unsuccessful attempt to arrange an acquisition of Sallie Mae in 2007, ... (OSB), a small business and mortgage lender he bought into in 2010. [13] ...
What is Sallie Mae? Sallie Mae is a company that currently offers private student loans but it has gone through several shifts. In 1972, Congress created the Student Loan Marketing Association ...
In March 2000, Nelnet bought UNIPAC Service Corporation, [4] an existing loan servicing company which was founded in 1978 and based in Denver, Colorado. As a subsidiary, UNIPAC Service Corporation was then renamed Nelnet Loan Services, Inc. [ 5 ] In June 2000, Nelnet acquired In Tuition, Inc. , a loan-servicing company based in Jacksonville ...