Sallie Mae News
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SLM Corp., the student lender known as Sallie Mae, is boosting its asset-backed issuance as demand surges with interest rates holding close to zero into a fifth year, according to Chief Executive Officer Albert Lord.
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Luke Nichter of Harker Heights, Texas, said he’s not a renter by choice. The Texas A&M University history professor’s $125,000 of student debt means he has no hope of getting a mortgage.
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Charlie Frohne never wanted a Visa or MasterCard, afraid of incurring debts he couldn’t repay. As the 30-year-old searched for a Manhattan apartment, he found landlords treated his lack of a credit history as a liability.
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President Barack Obama’s administration slashed the commissions paid to private collection companies that chase overdue student loans, reducing an incentive to squeeze borrowers.
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SLM Corp., the student lender known as Sallie Mae, fell the most in more than 10 weeks after reporting a drop in fourth-quarter profit as charge-offs increased, offsetting a climb in originations.
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SLM Corp. , the largest U.S. student- loan company, plans to sell $2 billion of debt as investor confidence in the company known as Sallie Mae rises to the most in more than two years.
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SLM Corp., the student lender known as Sallie Mae, reported a fourth-quarter profit of $348 million as originations climbed.
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The U.S. Labor Department said $6.8 trillion in pension funds can be invested in cleared swap transactions as long as certain conditions are met.
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SLM Corp., the student lender known as Sallie Mae, plans to offer its first fixed-rate private loans this month to compete with government-backed loans, which have more protection for borrowers.
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JPMorgan Chase & Co. charges Mirella Tovar as much as 10.25 percent annual interest on her student loans -- a rate as high as a credit card.
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