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.

Your Sallie Mae student loans can also be discharged if you die or if the person who took out the loans for you, like a parent, dies. v. Navient Corporation et al. In 2014, Sallie Mae “spun off” or split into two companies. … Sallie Mae is the nation’s saving, planning, and paying for college company, offering private education loans, free college planning tools, and online banking. Das Unternehmen ist Teil der S&P 500.Navient entstand 2014 aus der Studienkredit-Sparte von Sallie Mae (Student Loan Marketing Association), das seinen Fokus auf das Privatkunden-Banking verlagerte. Navient is the largest servicer of federal student loans and acts as a collector on behalf of the Department of Education. It means that if people took student loans before 2014, it is a possibility that they took it from Sallie Mae. For instance, people had their loans in Navient and Sallie Mae. The first such trust, SMB Private Education Loan Trust 2015-A, was announced in April 2015 to hold $753 million worth of the company’s Smart Option Student Loans. It is very much different from the other kind of loans as the interest rate is very much less as compared to the other type of loans. Navient, which spun off from Sallie Mae, has more than 12 million customers and services more than $300 billion of government and private student loans. NAVIENT SOLUTIONS, INC., ) RESTITUTION, AND f/k/a SALLIE MAE, INC., as an ) ORDER TO PAY institution-affiliated party of ) CIVIL MONEY PENALTY SALLIE MAE BANK ) SALT LAKE CITY, UTAH ) FDIC-13-0382b ) FDIC-13-0383k (INSURED STATE NONMEMBER BANK) ) ) ) The Federal Deposit Insurance Corporation (“FDIC”) is the appropriate Federal banking agency for Navient Solutions, Inc., …

SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

For millions of student loan borrowers, Sallie Mae is synonymous with educational finance. Navient is a servicer of federal and private student loans with affiliates providing solutions and management for healthcare and government agencies.

The case is seeking to cover anyone who borrowed a direct student loan from the federal government and had at least one loan serviced by Navient or a predecessor between January 1, 2010 and the present, and who was placed into forbearance. J.D. Sallie Mae spins off to form Navient. A copy of the death certificate has to be sent to Navient. The bottom line: Sallie Mae vs. Navient. Navient, spun off from Sallie Mae, has thrived as student loan debt spirals across the US.