How The Sallie Mae And Navient Split May Help Student Loan Borrowers
Sallie Mae recently announced that they will be splitting up into two companies: Sallie Mae and Navient. In 2010, the government, through the Department of Education, started lending directly to students and ended the guarantee program where it guaranteed student loans made through lenders like Sallie Mae. While Sallie Mae has still been servicing government issued student loans, it hasn’t been issuing the loans anymore. As a result, the fundamentals of it’s business has changed.
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