Sallie Mae, the private student loans lender, flew 100 employees to Hawaii—and you still have student loan debt
Sallie Mae flew more than 100 employees to Hawaii to celebrate $5 billion in student loans issued., which first reported the story, Sallie Mae, the private student loans lender, paid for its employees to vacation in Maui at the Fairmont Kea Lani to celebrate a record year of $5 billion in student loans to 374,000 student loan borrowers.
In 2014, Sallie Mae split into two separate companies: Sallie Mae and Navient. Sallie Mae, also known as SLM Corporation, is a consumer banking company and lender for private student loans, whileThe news didn’t sit well with many on Twitter, as the hashtag #salliemae has been trending. The most popular complaint goes something like this: “How can this company take a vacation when I owe tens of thousands of dollars in student loans and haven’t take a vacation in years?”
Other complaints go something like this: “Why are they profiting off of student loans when people need student loans to go to school?”Sanders believes that all student loan debt - including federal and private student loans - should be cancelled. He also believes that all four-year public colleges and community colleges should be tuition-free.
Not everyone on Twitter shares the same sentiments. Some have noted that while the optics may not be ideal, it’s typical for teams to take sales retreats – even to Maui. Other have commented that Sallie Mae is a lender and borrowers can choose their lender and whether they borrow student loan debt.
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