13 Juin Try Sallie Mae a national or Individual College loans?
Once you tune in to the name Sallie Mae, you actually remember college loans. Discover reasonable for the; Sallie Mae possess a lengthy records, when big date it's given both government and private pupil loans.
not, since 2014, each one of Sallie Mae's figuratively speaking try personal, and her government financing was basically ended up selling to another servicer. This is what understand when you have a beneficial Sallie Mae mortgage otherwise are considering taking that out.
What's Sallie Mae?
Sallie Mae try a pals you to definitely currently also provides private figuratively speaking. However it has had a number of models usually.
For the 1972, Congress first-created this new Student loan Marketing Association (SLMA) as the a private, for-cash corporation. Congress provided SLMA, aren't called “Sallie Mae,” new position of a national-paid company (GSE) to support the business within its mission to add balance and you can liquidity towards the education loan business while the a factory to own college student finance.