If you took out federal student loans prior to 2014, you may have originally taken them out from Sallie Mae. But as of October 13, 2014, Sallie Mae shifted all federal loans to Navient.

Is Sallie Mae student loans a federal loan?

Sallie Mae started off under the federal government and provided loans through the Federal Family Education Loan program, or FFEL. Since then, Sallie Mae no longer services federal loans and provides only private student loans.

Is Sallie Mae now Navient?

Today, Navient and Sallie Mae are distinct, separate companies, but they were once under the same umbrella company. Once the act was passed, Sallie Mae could no longer service federal student loans. Sallie Mae launched Navient in 2014 in order to stay involved with federal loan servicing.

Is there a class action lawsuit against Navient?

What is the Navient lawsuit? The U.S. Consumer Financial Protection Bureau and the Illinois and Washington attorneys general sued Navient in January 2017. The California and Mississippi attorneys general filed suits in June and July 2018, respectively.

What is the difference between Sallie Mae and Navient?

In 2014, Sallie Mae announced the launch of an offshoot company called Navient. Sallie Mae split their business into two separate, publicly traded entities. Sallie Mae would handle the disbursement and management of private loans and Navient would be a whole new loan management and servicing company for federal loans.

When did Sallie Mae switch federal student loans to Navient?

If you took out federal student loans prior to 2014, you may have originally taken them out from Sallie Mae. But as of October 13, 2014, Sallie Mae shifted all federal loans to Navient. That switch did not affect borrowers’ loan terms or repayment options, but it still confused some customers who missed the original memo.

What kind of student loans can I get with Sallie Mae?

For graduate students seeking loans for medical, dental, health professions, MBA, Law, and master’s/doctorate degree expenses For parents and other creditworthy individuals helping their student pay for a bachelor’s, associate’s, graduate, or certificate education at a degree-granting school Why choose student loans from Sallie Mae?

Where can I get a free Sallie Mae credit report?

You can get a free credit report at AnnualCreditReport.com, which will list all your debts and the banks and companies that service the loans. If you find out that your loans are with Navient, Sallie’s Mae’s offshoot company, you can manage your loans, make payments and apply for repayment options directly on the Navient website.