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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.
To say the staggering student loan debt is a crisis is an understatement. It impacts almost 43 million people, according to the Department of Education, and scammers are taking advantage of the ...
In the annual College Ave Student Loans survey polling 1,083 college students, 61% said inflation has negatively impacted their saving and spending habits. The top three words college students ...
Master of Business Administration students can expect to shell out $70,000 to $200,000 for their multiyear degree, according to College Ave, a major lender of MBA student loans.
In 2021, student loan servicers began dropping out of the federal student loan business, including FedLoan Servicing on July 8, Granite State Management and Resources on July 20, and Navient on September 28. [40] According to Sallie Mae, as of 2021, 1 in 8 families are using private student loans when federal financing does not cover all ...
American National University was one of 153 institutions included in a program of student-loan cancellation resulting from alleged fraud. The class-action suit was brought by a group of more than 200,000 student borrowers assisted by the Project on Predatory Student Lending, part of the Legal Services Center of Harvard Law School. A settlement ...
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