Sallie Mae Completes Big Purchase Of Federally Guaranteed Loans

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RESTON, Va. – Sallie Mae said yesterday it has completed the acquisition of $27 billion of federally guaranteed student loans and related assets from Citibank’s The Student Loan Corp.

The deal adds 1.3 million customers to the customer base of Sallie Mae, which manages or services more than $200 billion in federal student loans and $36 billion in private student loans.

 

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