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It was created mainly for two reasons: 1) to purchase student loans in the secondary market; and, 2) to securitize pools of student loans. [7] The objective is to create liquidity for these loans to increase their value to lenders, reducing the costs to borrowers in the process. [8] Sallie Mae's privatization began in 1997. [8]
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.
Sallie Mae has a long history, but currently it offers only private loans. Skip to main content. Subscriptions; Animals. Business ... 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help.
Sallie Mae also offers an array of CDs with competitive yields, including a 13-month promotional CD that delivers a 5.20% APY. Find out if Sallie Mae's CDs are worth it for you. ... 800-290-4726 ...
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1-800-COLLECT (1-800-265-5328) is a 1-800 number, owned and operated by WiMacTel, which provides fixed rate collect calling in the United States. The service was launched by MCI in 1993. History
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