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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.
Sallie Mae Assists 2.2 Million Student Loan Customers to Avoid Default 434,000 Customers Successfully Complete Student Loan Payment Last Academic Year NEWARK, Del.--(BUSINESS WIRE)-- In the last ...
As student debt loans continue to grow exponentially while jobs for recent grads dry up, Sallie Mae is doing its part to lend a helping hand to the students who owe them tens of thousands of ...
In 2014, the company split into two distinct entities, with Navient becoming the student loan group and assuming its liabilities while Sallie Mae became the consumer bank. The original company had ...
The Federal Loan Consolidation Program was created in 1986. In 1998, the United States Congress changed the interest rate to the aforementioned fixed rate weighted mean, effective February 1, 1999.
The Sallie Mae Parent Loan provides the option for anyone — parents, grandparents or even friends — to borrow on a student’s behalf. How Sallie Mae Student Loans Can Help Parents Pay for College
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