In addition to the payment of restitution to harmed borrowers and a civil money penalty, the FDIC orders require Sallie Mae
to take affirmative steps to ensure that disclosures regarding payment allocation and late fee avoidance are clear and conspicuous, that servicemembers are properly treated under the SCRA, and that all residual violations be remedied to ensure compliance with applicable laws.
The other modules and the underlying Clementine software help Sallie Mae
determine the effectiveness of the email and other campaigns, Hertz adds.
Some lenders, including Sallie Mae
, will lower your interest rate if you choose to pay back loans via direct debit.
The Sallie Mae
Family Scholarship Program awards USD 5,000 scholarships, renewable for up to three years -- or up to USD 20,000 per student -- until the student earns a bachelor's degree or certificate.
Paul Thome, president, Sallie Mae
Bank, said, "Education is the key to a brighter future, and these scholarships are just one way we support tomorrow's leaders today and invest in our local community.
This could be bad news for what Sallie Mae
officials estimate to be as many as 1,000 credit unions that participate in the firm's private education loan referral program.
The acquisition of Sallie Mae
Campus Solutions, which provides business-to-business solutions, such as e-commerce and billing payment solutions, refund disbursement services and tuition payment plan administration, to higher education institutions in the US, boosts Higher One's payment and refund service capabilities, the buyer said.
had four million shares of Preferred Stock Series B outstanding as on January 28, 2011, it said.
metro area," says Sallie Mae
Fund President Kathleen deLaski.
A competitor of Sallie Mae
earlier this month sued the nation's largest holder of student loans, alleging that it improperly denied borrowers the right to consolidate education loans with the lender of their choice.
The scholarships are awarded by Sallie Mae
, along with the Sallie Mae
Cup, to the high schools whose students accomplish the most in both the classroom and in athletic competition.
They set up a federally chartered corporation called the Student Loan Marketing Association, a "secondary market" better known as Sallie Mae
. As soon as Heather graduated, Union National Federal could sell her loan to Sallie Mae
and never deal with collections at all.