Sallie Mae, the saving, planning, and paying for college company, has announced third-quarter 2021 net income of $73 million, compared to net income of $171 million reported for Q3 2020.

The company reported third-quarter private education loan originations of $2.09 billion, a 10% increase on Q3 2020 private education loan originations of 1.9 billion.

Sallie Mae chief executive Jonathan Witter said: “Our third quarter performance represents a continuation of the success we had in 2021 and reflects a continuing trend toward normalcy. First, we’ve delivered strong results in the quarter. Second, we’re adding more capacity to our 2021 capital return programme. And third, we believe we are well-positioned for a strong finish to the year and expect to continue our positive trajectory going into 2022.”

Date published: 26 October 2021

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