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A student loan servicer is a company which facilitates different aspects of a loan. The servicing group will typically be responsible for maintaining records on a particular loan, handling loan distribution, and providing requested information to the loan recipient. [ 88 ]
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 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.
The new company must honor the original terms of your student loans. That means your payments and balance won’t change at all and you will still have access to the same federal protections you ...
As a student loan company, CommonBond’s efforts to help employees pay down their student loan debt feel natural. In 2015, the company began offering up to $100 per month in student loan ...
The Education Department placed a second penalty on the student-loan company Mohela over its failure to process borrower applications for key repayment plans.
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