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Last €7.43 EUR
Change Today +0.165 / 2.27%
Volume 0.0
SM1 On Other Exchanges
As of 3:09 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

300 Continental Drive

Newark, DE 19713

United States

Phone: 302-451-0200


SLM Corporation, through its subsidiaries, originates, services, and collects loans made to students and their families to finance the cost of their education. The company’s primary business is to originate and service Private Education Loans it makes to students and their families. The company uses Private Education Loans to mean education loans to students or their families that are not issued, insured or guaranteed by any state or federal government. The company also operates a consumer savings network that provides financial rewards on everyday purchases to help families save for college. The Private Education Loans the company makes are primarily to bridge the gap between the cost of higher education and the amount funded through financial aid, federal loans or customers’ resources. The company offers Private Education Loans to students and families. The company offers the Smart Option Student Loan, its Private Education Loan product emphasizing in-school payment features to minimize customers’ total finance charges. The Smart Option product features three primary repayment types. The company regularly reviews and updates the terms of its Private Education Loan products. Its Private Education Loans include protections for the family, including tuition insurance, and loan forgiveness in case of death or permanent disability of the student borrower. In 2014, the company added a new, free, quarterly FICO Score benefit to students with a Smart Option Student Loan disbursed in academic year 2014-2015. Private Education Loans bear the full credit risk of the customer and cosigner. The company manages this risk by underwriting and pricing based upon customized credit scoring criteria and the addition of qualified cosigners. As of December 31, 2014, the company’s average FICO scores were 745 at the time of origination and approximately 90 percent of its loans were cosigned. In addition, the company voluntarily requires school certification of both the need for, and the amount of, every Private Education Loan it originates, and it disburses the loans directly to the higher education institution. The core of the company’s marketing strategy is to promote its products on campuses through the financial aid offices and through direct marketing to students and their families. The company’s on-campus efforts are driven by approximately 40 sales professionals who work with 2,400 higher education institutions. Sallie Mae Bank (the bank) The company originates and funds its Private Education Loans by the bank, its Utah industrial bank subsidiary, which is regulated by the Utah Department of Financial Institutions (UDFI), the Federal Deposit Insurance Corporation (FDIC), and the Consumer Financial Protection Bureau (CFPB). In 2014, the company began to independently perform collection activity on its portfolio of Private Education Loans. In 2014, the company launched its servicing platform and began servicing its portfolio of Private Education Loans. The company’s servicing operation includes resources dedicated to assist customers with specialized needs and escalated inquiries. In addition, its Office of Consumer Advocate works with customers to resolve escalated concerns, and to address customer inquiries received via the student loan complaint portal the CFPB established in 2012. The company offers traditional savings products, like high-yield savings accounts, money market accounts and certificates of deposits. The company also offers savings and NOW accounts. Supervision and Regulation Some of the more significant laws and regulations that are applicable to the company’s business include the federal Truth-In-Lending Act and Regulation Z issued by the CFPB; the Fair Credit Reporting Act and Regulation V issued by the CFPB; the Equal Credit Opportunity Act and Regulation B issued by the CFPB; the Servicemembers Civil Relief Act; the Fair Debt Collection Act; the Truth in Savings Act and Regulation DD issued by the CFPB; Regulation CC issued by the Federal Reserve Bank; the Right to Financial Privacy Act; the Electronic Funds Transfer Act and Regulation E issued by the CFPB; the Telephone Consumer Protection Act; and the Gramm-Leach-Bliley Act. Deposits at the bank are insured by the Deposit Insurance Fund, as administered by the FDIC, up to the applicable limits established by law. History SLM Corporation was founded in 1972.


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Price/Sales 4.6x
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