How many people are employed by Sallie Mae?
The company now offers private education loans and manages more than $12.97 billion in assets. Sallie Mae employs 1,400 individuals at offices across the U.S. On April 30, 2014, Sallie Mae spun off its loan servicing operation and most of its loan portfolio into a separate, publicly traded entity called Navient Corporation.
When did Sallie Mae drop its legal action?
Sallie Mae subsequently began legal action, only to drop it in January 2008 upon completion of a $31 billion funding round, including funding from Bank of America. On April 6, 2009, Sallie Mae announced that it would move 2,000 jobs back to the U.S. within the next 18 months as it shifts call center and other operations from overseas.
What is the phone number for Sallie Mae?
Phone 855-756-5626 (855-SLM-LOAN) Monday – Thursday: 8 a.m. to 9 p.m. ET Friday: 8 a.m. to 8 p.m. ET
How much money do you get with Sallie Mae accelerate card?
With the Sallie Mae AccelerateSMCard, earn a $200 cash back reward after you spend $1,000 in the first 3 months. Plus]
What was the settlement with Sallie Mae in 2008?
On January 31, 2008, SLM Corporation had a lawsuit for failing to adequately reserve for losses in Sallie Mae’s non-traditional portfolio and paid $35,000,000 for settlement.
Who is the chairman of the Board of Sallie Mae?
Carter Franke is the current chair of Sallie Mae’s board of directors, since her appointment in June 2020. Prior to Franke, Raymond J. Quinlan served in the role, having joined the board in 2014 to replace previous chairman Anthony P. Terracciano—formerly president of First Union Corporation (now Wells Fargo).
When did Sallie Mae separate from Navient bank?
On February 25, 2014, Sallie Mae announced the launch of Navient, a separate entity for federal student loan servicing. On April 30, Sallie Mae legally separated from Navient, and made its primary focus private student loans, banking products, and credit cards for college students and their families.