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If the card issuer charges 15% on money lent to users, and it costs 5% to borrow the money to lend, and the balance sits with the cardholder for a year, the issuer earns 10% on the loan. This 10% difference is the "net interest spread" and the 5% is the "interest expense".
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.
Seal of the Army Emergency Relief. Army Emergency Relief (AER) is a non-profit, charitable organization independent of, but closely associated with the United States Army.AER was established on Feb. 5, 1943, in Washington, DC, by Secretary of War Henry Stinson and Army Chief of Staff Gen. George Marshall, with $1.5 million in seed money from the American Red Cross and $12 million from Irving ...
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