Are Sallie Mae Loans Cons

Are Sallie Mae Loans Cons

SLM Corporation (SLM), more popularly known as Sallie Mae, is really a general public firm and a private-sector lender, therefore its direct loans aren’t federal loans. Essentially, federal figuratively speaking contain funds which are given by the U.S. Federal government, while personal student education loans originate from entities such as for example banks along with other banking institutions. Nonetheless, personal entities usually act as loan servicers for many federal loans with respect to the federal government. Sallie Mae once offered this type of function for federal figuratively speaking, and via a spin-off, it continues to do this.

Key Takeaways

  • SLM Corporation (SLM), more popularly known as Sallie Mae, is really a general public business and a private-sector lender, therefore its direct loans aren’t federal loans. (more…)

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