Sallie Mae executives said today during a conference call that plans to divide the company into two distinct businesses signals the next chapter for the student loan originator in a post- Federal Family Education Loan Program (FFLEP) environment.

Plans to spin-off its servicing and collection business into a separate business from its consumer banking company would create “the best platform for growth and value.”

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.