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Sallie Mae coins name Navient for loan servicer

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NEWARK, Del. (AP) — Sallie Mae has coined the name Navient for the new loan management and servicing company it plans to split off this spring. Known formally as SLM Corp., Sallie Mae, the largest U.S. student lender, said the name is a step toward completing its plan to split into two publicly traded companies: the loan management company and a consumer banking business. The consumer banking...

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