Sallie Mae Extends Student Loan Net

- RESTON, Va. (06/20/02) -- SLM Corp.,commonly known as Sallie Mae, said it is launching a pilot ofOpenNet, a new data exchange tool that will connect schools to anylender, guarantor or student loan servicer. OpenNet is aimed atexpediting the loan delivery process by providing school customerswith a single file management system for all their loans. SallieMae is both the largest student loan originator and marketer in thecountry.

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