Sallie Mae, the saving, planning, and paying for college company, has announced fourth-quarter 2021 net income of $306 million, down from net income of $433 million reported for Q4 2020.

Net income for the year 2021 was $1.16 billion, up from $881 million reported for 2020.

The Newark, Delaware-based company reported private education loans of $5.4 billion in 2021, a 2% increase on 2020.

Date published: 27 January 2022

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