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Sallie Mae's (SLM) dominant position as an education loan provider, its cost reduction efforts and solid earnings growth projections make it worth betting on.
Higher NII and a rise in fee income aid Sallie Mae's (SLM) Q3 results. However, a rise in expenses impedes the bottom line. Sallie Mae (SLM) Q3 Earnings Miss, Stock Gains on NII Beat
Sallie Mae's (SLM) Q2 results reflect lower interest income and rise in expenses, partially offset by higher fee income.
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). [5] [6] The company was created by Congress to support the student loan program established by the Higher Education Act of 1965. [7]
A government-sponsored enterprise (GSE) is a type of financial services corporation created by the United States Congress.Their intended function is to enhance the flow of credit to targeted sectors of the economy, to make those segments of the capital market more efficient and transparent, and to reduce the risk to investors and other suppliers of capital.
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Sallie Mae Declares Common Stock Dividend Announces Preferred Stock Series A and B Dividends NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (NAS: SLM) , the nation's No. 1 financial services company ...