April 17, 2014 7:03 AM ET

Consumer Finance

Company Overview of Sallie Mae, Inc.

Company Overview

Sallie Mae, Inc. provides finance and loans for education purpose. The company was incorporated in 1997 and is based in Reston, Virginia. Sallie Mae, Inc. operates as a subsidiary of SLM Corporation.

12061 Bluemont Way

Reston, VA 20190

United States

Founded in 1997

Phone:

703-810-3000

Fax:

703-810-5074

Key Executives for Sallie Mae, Inc.

Chief Executive Officer
Age: 67
President
Age: 55
Chief Financial Officer
Age: 51
Compensation as of Fiscal Year 2013.

Sallie Mae, Inc. Key Developments

ITT Educational Services Inc. Enters into Settlement Agreement and Release with Sallie Mae, Inc

On December 28, 2012, ITT Educational Services Inc. entered into a Settlement Agreement and Release with Sallie Mae Inc. to settle the previously disclosed litigation matter between the company and SMI relating to the Risk Sharing Loan Program Agreement, dated as of July 17, 2007, between the company and SMI. Under the terms of the Settlement Agreement, the company has agreed to pay a one-time payment of $46,000,000 to SMI on or before January 29, 2013. The company and SMI each also agreed to release the other (and their respective affiliates) from any and all current and future claims arising out of, or directly or indirectly related to, the RSA, other than claims related to certain provisions of the RSA governing cooperation, confidentiality, the treatment of intellectual property and certain indemnification claims related to the FTC Holder Rule. SMI specifically agreed to release the company from any and all of its guarantee obligations arising under the RSA before or after the date of the Settlement Agreement, and the company agreed to release all right, title and interest in and to the loans made pursuant to the RSA, including any right to receive any payments related to any of those loans. The Settlement Agreement provides that the Company and SMI will submit an order dismissing the litigation with prejudice within five business days after the Payment is received by SMI. The Settlement Agreement contains no admission of liability by either party.

Sallie Mae, Inc. Presents at 20th Annual Financial Services Collections & Credit Risk Conference, Oct-24-2012 04:15 PM

Sallie Mae, Inc. Presents at 20th Annual Financial Services Collections & Credit Risk Conference, Oct-24-2012 04:15 PM. Venue: Talking Stick Resort, 9800 East Indian Road, Scottsdale, AZ 85256, United States. Speakers: Doug St. Peters, Vice President, Portfolio Management.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 7, 2013
Sallie Mae, Inc., Campus Solutions Division
 

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