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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.
The US first major government loan program was the Student Loan Marketing Association (Sallie Mae), formed in 1973. [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.
The Federal Family Education Loan ( FFEL) Program was a system of private student loans which were subsidized and guaranteed by the United States federal government. The program issued loans from 1965 until it was ended in 2010. Similar loans are now provided under the Federal Direct Student Loan Program, which are federal loans issued directly ...
Key takeaways. Sallie Mae services private student loans for a variety of degrees, including undergrad, MBA, medical school, dental school and law school. A private loan with a lender like Sallie ...
Sallie Mae Honors Veterans, Offers Tips for Student Loan Repayment NEWARK, Del.--(BUSINESS WIRE)-- As the country honors its military this Veterans Day, Sallie Mae, the nation's No. 1 financial ...
Sallie Mae Offers Tips for Wise Use of Tuition Refunds Closely Review All Options, Avoid Unnecessary Fees, Return Any Extra NEWARK, Del.--(BUSINESS WIRE)-- This fall, tens of thousands of college ...
Nelnet, Inc. Nelnet, Inc., is a United States–based conglomerate that primary focused on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and owns Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska .
Sallie Mae Introduces New Student Loan Repayment Plan for Academic Year 2013-2014 NEWARK, Del.--(BUSINESS WIRE)-- Even with a diploma in hand, recent college graduates may still face a tough job ...