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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.
In 2017, 6,708 federal complaints were filed about the company, in addition to 4,185 private complaints – more than any other student loan lender. [3] In 2018, it was revealed that Navient had attempted to collect loans from co-signers after a student's accidental death. [3]
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If you’re considering a private student loan for college, read this guide first. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ...
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As a subsidiary, UNIPAC Service Corporation was then renamed Nelnet Loan Services, Inc. [4] In June 2000, Nelnet acquired In Tuition, Inc., a loan-servicing company based in Jacksonville, Florida, which was founded in 1979. [5] Nelnet became a publicly traded company in 2003, at which point the two founders were co-CEOs. [1]
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