Sallie Mae reports a pop in private student loans, bets college costs will rise

Friday, October 18, 2013

Looks like Sallie Mae may have made the right call when it decided to split up its business.

The student company reported an 11% increase in loan originations in the third quarter compared to last year.

The company also said its private education loan charge-off rates dropped to 2.6 percent, the lowest level in five years.

Sallie Mae provides private student loans and also services loans for third parties including the federal government.

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