Sallie Mae shares rise after student lender awarded 5-year government loan-servicing contract

NEW YORK — The Department of Education has selected student lender Sallie Mae and three other companies to service the $550 billion in outstanding federal student loans and future loans owned by the government.

Sallie Mae, Nelnet awarded 5-year government loan-servicing contract; shares soar

NEW YORK — Shares of Sallie Mae soared in premarket activity Thursday after the Department of Education selected the student lender and three other companies to service parts of $550 billion in outstanding federal student loans and future loans owned by the government.

Sallie Mae, Nelnet awarded 5-year government loan-servicing contract

NEW YORK — The Department of Education says Sallie Mae and three other companies were chosen to service parts of its $550 billion in outstanding federal student loans and future loans owned by the government.