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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 company announced in 2013 its plans to separate into two publicly traded companies [11] – an education loan management business to be launched with a new name – Navient – and a consumer banking business, which retained the name Sallie Mae. [12] The spin-off was completed on April 30, 2014.
However, unlike a standard telephone directory, where the user uses customer's details (such as name and address) in order to retrieve the telephone number of that person or business, a reverse telephone directory allows users to search by a telephone service number in order to retrieve the customer details for that service.
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Sallie Mae now exclusively offers private student loans to help college students pay for school. It has variable and fixed rates on loans. It has variable and fixed rates on loans.
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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.