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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.
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.
Sallie Mae's (SLM) Q2 results reflect lower interest income and rise in expenses, partially offset by higher fee income.
Navient was chartered in 1972 as a Government-Sponsored Enterprise (GSE) called Student Loan Marketing Association (nicknamed Sallie Mae). [4] [5] The company was created by Congress to support the student loan program established by the Higher Education Act of 1965. [6]
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 (SLMA) as a private ...
Higher NII and a rise in fee income aid Sallie Mae's (SLM) Q3 results. However, a rise in expenses impedes the bottom line.
In papers from 1959 onwards, Irving Janis and Leon Mann coined the phrase decisional balance sheet and used the concept as a way of looking at decision-making. [9] James O. Prochaska and colleagues then incorporated Janis and Mann's concept into the transtheoretical model of change, [ 10 ] an integrative theory of therapy that is widely used ...
Sallie Mae is the common name for the SLM corporation, a private bank best known for handling student loans. Previously, Sallie Mae used to service federal loans.