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Sallie Mae is a company based out of Reston Virginia and is a publicly traded company whose operations deal primarily with servicing and collecting on student loans. The student financing business recently improved for the servicing corporation that provides student financing to pay school related costs. It appears that earnings are on the rise For Sallie Mae lending. 4th quarter earnings posted in a positive light for the corporation and were better in the 4th quarter than analysts had anticipated. Sallie Mae, official name SLM Corp., recently posted that net income for the company jumped 67 percent in the fourth quarter as a result of loans being paid off by borrowers. This is good news for the student lender. Recently, the federal government changed the rules on Sallie Mae which reduced the overall marketplace from which Sallie Mae could do business. The student lender reported that net interest income from existing federal loans rose 46% to almost $857 million. 4th quarter profit for the lender reached $447 million or 84 cents a share. This number is significantly up from one year ago when the net income posted at $258 million or 52 cents per share. Share value trending is moving in a positive direction for the entity that purchases student loans and provides student financing. Student loan marketing is on the rise. Author: Genny Germano
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