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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 was chartered in 1972 as a Government-Sponsored Enterprise (GSE) called Student Loan Marketing Association (nicknamed Sallie Mae). [4] [5] The company was created by Congress to support the student loan program established by the Higher Education Act of 1965. [6]
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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.
Refinancing your private student loans is worth considering if it saves you money.
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 ...
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Get answers to your AOL Mail, login, Desktop Gold, AOL app, password and subscription questions. Find the support options to contact customer care by email, chat, or phone number.