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Refinancing your private student loans is worth considering if it saves you money.
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.
Comparing offers from Sallie Mae with other lending options is a wise way to secure the lowest interest rates. When you hear Sallie Mae, you probably think of student loans.
The US first major government loan program was the Student Loan Marketing Association (Sallie Mae), formed in 1973. [ 19 ] [ clarification needed ] Before 2010, federal loans included:
The biggest lenders, Sallie Mae and Nelnet, are criticized by borrowers. They frequently find themselves embroiled in lawsuits, the most serious of which was filed in 2007. The False Claims Suit was filed on behalf of the federal government by former Department of Education researcher, Dr. Jon Oberg, against Sallie Mae, Nelnet, and other lenders.
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