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Re:More Than 40% of Student Borrowers Aren’t Making Payments by mountaineer22 on Wednesday April 06, 2016 @09:12PM (#11443859)
Sallie Mae was created in 1972 as a government sponsored enterprise.

https://en.wikipedia.org/wiki/Government-sponsored_enterpris...

It didn't become private until 2004, and wasn't expected to be private until 2008.

It is much more than a private company with some Government support.

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