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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 1910, attorney Arthur J. Morris (1881–1973) opened the Fidelity Savings and Trust Company in Norfolk, Virginia, which made small loans to working people under a concept he called the "Morris Plan". Under this lending approach, would-be borrowers had to submit references from two people of like character and earning-power to prove the ...
Sallie Mae First Internet Bank You’ll need to maintain a $4,000 minimum average daily balance to avoid the monthly maintenance fee with a First Internet Bank money market account, although the ...
But you can find MMAs that earn the same APY, no matter your balance — like the Sallie Mae Money Market Account still paying out 4.20% APY with no fees or minimums — so it's worth shopping around.
What to look for: The rates are very competitive at Sallie Mae Bank. Its savings account offers an APY of 0.70%, making it higher than the other banks ahead of it on this list. Its one-year CD APY ...
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.
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