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-0.0195173882185946 -0.0195173882185946 -0.0195173882185946 -0.0195173882185946 -0.0195173882185946 -0.0124201561391057 -0.0124201561391057 -0.0124201561391057
Stock impact report

Sallie Mae joins forces with private equity giant KKR [Yahoo! Finance]

SLM Corporation (SLM) 
Last slm corporation earnings: 4/22 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: salliemae.com/about/investors
Company Research Source: Yahoo! Finance
teaming up with a private equity giant as it prepares for a future in which the federal government is retreating from the student loan industry. Supporting Data : KKR plans to buy more than $6 billion in student loans from Sallie Mae over the next three years. Expert Quote : "We're excited to work with KKR on this first-of-its-kind deal and look forward to growing this into a new business," said Sallie Mae CEO Jon Witter. America's largest private student lender is teaming up with the world's biggest private equity firm. SLM Corp., better known as Sallie Mae, announced Monday that it has entered a multi-year partnership with the private equity giant KKR. Under the deal, KKR will buy more than $6 billion in loans from Sallie Mae, which will continue to service them and collect fees from KKR. The arrangement is designed to expand Sallie Mae's capacity for originating new loans and serving more students, the lender said. "We're excited to work with KKR on this first-of-its-ki Show less Read more
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