CIT’s Remaining FFELP Portfolio Up For Grabs

29 Jan 2014

CIT Group today marked for sale $3.4 billion in its remaining legacy Federal Family Education Loan Program portfolio, which it plans to sell this quarter, with Nelnet and Sallie Mae standing as the strongest potential buyers.

CIT Group today marked for sale $3.4 billion in its remaining legacy Federal Family Education Loan Program portfolio, which it plans to sell this quarter, with Nelnet and Sallie Mae standing as the strongest potential buyers.

Sallie Mae, the largest holder of FFELP collateral, currently owns 42% of the ...

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