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Nelnet became a publicly traded company in 2003, at which point the two founders were co-CEOs. [1] In August 2003, the parent company was renamed from Nelnet Loan Services, Inc. to simply Nelnet, Inc. [6] The initial public offering occurred on August 19, 2003, for $200 million. [7] Steve Butterfield stepped down as CEO in 2007. [1]
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.
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.
What is Sallie Mae? 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 ...
To determine if refinancing your loans is a good idea, start by looking at current student loan refinance interest rates and compare Sallie Mae’s features with those of other lenders. Show ...
Sallie Mae Helps 2.1 Million Customers Avoid Default and Return to Successful Student Loan Repayment At the Start of Repayment Season, Customers Encountering Financial Difficulty Encouraged to ...
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