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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.
Student Loan Marketing Association (SLMA or Sallie Mae) Sallie Mae has been fully privatized and is no longer administered by the federal government. Foreign Economic Administration (FEA) Federal Theatre Project (FTP) General Accounting Office (GAO) Renamed "Government Accountability Office" in 2004; see #Legislative Branch, above.
This legendary legacy card was technically called Blue Cash from American Express, but the many people who still carry it as their go-to plastic know it only as OBC -- Old Blue Cash.
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.
My student loans were part of the 2010 deal that sent $28 billion from Citi’s federal student loan portfolio to Sallie Mae. At that same time, Discover also took over more than $4 billion in ...
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The US first major government loan program was the Student Loan Marketing Association (Sallie Mae), formed in 1973. [20] [clarification needed] Before 2010, federal loans included: loans originated and funded directly by the Department of Education (ED) government guaranteed loans originated and funded by private investors.
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 ...