Sallie Mae acquires Student Loan Finance Association

Published December 14, 2004 12:00 AM EST 1 Min Read

Sallie Mae, announced that it has completed the purchase of Student Loan Finance Association from the Education Assistance Foundation. Sallie Mae also announced a contractual relationship with Northwest Education Loan Association, a regional guarantor. Sallie Mae will provide a variety of services for NELA, including the marketing of the NELA guarantee to colleges and universities in the Northwest. Tony Bright will be president of NELA Services, a new Sallie Mae unit.

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