After you pay attention to the name Sallie Mae, you really contemplate student education loans. There clearly was reasonable for that; Sallie Mae has actually an extended records, where big date it offers considering both federal and private scholar money.
Yet not, by 2014, each one of Sallie Mae’s student education loans is actually private, along with her federal loans were marketed to some other servicer. This is what to know if you have a Sallie Mae loan otherwise are thinking about getting one out.
What’s Sallie Mae?
Sallie Mae is a company one already also provides private college loans. However it has taken several forms typically.
For the 1972, Congress first created this new Education loan Income Organization (SLMA) due to the fact a private, for-finances agency. Congress gave SLMA, are not named “Sallie Mae,” the latest condition of a federal government-backed corporation (GSE) to support the firm within the objective to incorporate balances and you may liquidity to your student loan markets since a factory getting scholar money. Weiterlesen