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What happened to Sallie Mae student loans?
Once the U.S. government stopped allowing private lenders to made federally guaranteed student loans Sallie Mae started getting into high-yield savings accounts, CDs, and checking accounts through Sallie Mae Bank, credit cards, and insurance products. All the while, the company continued to service federal as well as private student loans.
Is Sallie Mae publicly traded?
Sallie Mae is a publicly-traded company that is a major provider of private student loans in the U.S. As of the last quarterly report Sallie Mae held $20.9 billion in private student loans. It held another $743 million in federal student loans issued through the now-defunct Federal Family Education Loan (FFEL) Program. 1
Who is Navient and Sallie Mae?
Navient is a new company that split off from Sallie Mae in 2014 to take over Sallie鈥檚 federal loan servicing business. Now it is Navient that handles the billing and other services on millions of federal student loans. If Sallie Mae was the loan servicer for your William D. Ford Federal Direct Loan (Direct Loan)…
What is refinancing with Sallie Mae?
Refinancing can help you save money by lowering your interest rate, monthly payments or both. What Is Sallie Mae? Sallie Mae is a consumer banking company that offers savings accounts, credit cards and private student loans.