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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.
One notable example of this was the planned acquisition of SLM Corporation (formerly known as Sallie Mae) by a group including Bank of America and JPMorgan Chase. [ 2 ] [ 3 ] In the United States, much of this litigation occurs in the Delaware Court of Chancery because many large American companies are organized under Delaware law.
The Biden forgiveness plan originally allowed these borrowers to receive forgiveness by consolidating into Direct Loans, but due to potential lawsuits stopped allowing this on September 29, 2022, potentially excluding 800,000 FFEL borrowers. [161] [156] In February 2024, the Biden administration announced it would cancel $1.2 billion of student ...
December 13, 2024 at 9:59 AM. FILE - A customer makes a transaction at a bank of automatic teller machines in the Queens borough of New York on March 24, 2020. ... The Consumer Bankers Association ...
The Supreme Court on July 1, 2024, kept on hold efforts by Texas and Florida to limit how Facebook, TikTok, X, YouTube and other social media platforms regulate content in a ruling that strongly ...
October 23, 2024 at 2:53 PM. ... Sallie Mae. SoFi. Citizens Bank. Cosigned private student loans. Generally, private student loan companies do not forgive loans due to the death of a cosigner.
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.
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.