Teresita sells SLM 7.49: Job fairs are set for Saturday and for August 8 in Muncie.

Available jobs include full-time, part-time and weekend hours. Navient Corp. (Nasdaq: NAVI) says it is looking to add 50 temporary workers for its Delaware County call center by the end of next month. Most notably, the company changed its policy to charge off loans after 120 days of delinquency and changed its loss confirmation period from two years to one year to reflect both the shorter charge-off policy and its related servicing practices. Year-over-year private education loan portfolio performance continues to be affected by changes in the company's business practices undertaken in connection with the Navient Corporation spin-off. Delinquencies as a percentage of private education loans in repayment were 1.70 percent.


Philomena:
The year-ago quarter provision included a $14 million benefit from a change to the loss confirmation period and the charge-off policy as described below.

Niki:
Private education loan provision for loan losses was $15 million, up $15 million.

Latonya:
Average yield on the private education loan portfolio was 7.96 percent, down 26 basis points.

Jami:
Average private education loans outstanding of $9.4 billion, up 27 percent.

Trula:
Net interest margin of 5.49 percent, up 17 basis points.

Tabitha:
Net interest income of $168 million, up 16 percent.

Wan:
For the second-quarter 2015, GAAP net income was $91 million ($.20 diluted earnings per share), compared with $44 million ($.09 diluted earnings per share) in the year-ago quarter.

Torie:
Prior to the spin-off, Sallie Mae Bank also sold all loans past 90 days delinquent to an affiliate now owned by Navient Corporation.

Evonne:
The company does not undertake any obligation to update or revise these forward-looking statements to conform such statements to actual results or changes in its expectations.

Rayna:
All forward-looking statements contained in this release are qualified by these cautionary statements and are made only as of the date of this release.

Slm Corp. (NASDAQ:SLM)
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