Q:

What type of loan management is available through the student loan portal?

A:

Quick Answer

Sallie Mae allows borrowers to make, reduce and postpone student loan payments through their online accounts, indicates the company's website. Borrowers may also view their payment histories, retrieve details about their loans and view loan documentation.

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Full Answer

Sallie Mae is a bank that offers private student loans as well as banking and insurance products, explains the company's website. In 2014, it spun off its loan management, servicing and collection business into a separate company called Navient, notes Federal Student Aid. It is one of the largest student lenders in the United States, according to Investopedia.

Several companies provide services for student loans, shows Federal Student Aid. These include Nelnet, Great Lakes Educational Loan Services, Inc. and CornerStone. Each company maintains its own loan portal that allows borrowers to view and manage their accounts.

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