Sallie Mae is an American banking institution headquartered in Newark, Delaware, that specializes in originating, servicing, and collecting student loans. Established in 1972, the company offers a diverse range of financial products, including government-guaranteed and private student loans, K-12 loans, high-yield savings accounts, money market accounts, and college savings plans. In addition to its lending services, Sallie Mae provides resources for responsible personal finance, such as scholarship searches and college financial planning tools. The company operates multiple servicing centers across the United States and employs over 6,600 individuals. Sallie Mae is recognized as a significant player in the education finance sector and has grown through various acquisitions, enhancing its service offerings and market reach.
Deserve, Inc. is a financial services company based in Menlo Park, California, that specializes in providing credit cards and other financial products tailored for international students in the United States. Founded in 2012 and originally known as Tremus, Inc., the company leverages machine learning and alternative data to assess creditworthiness, allowing individuals without a traditional credit history to access fair credit products. Deserve utilizes various predictive attributes, such as education and future employability, to evaluate a student's ability to repay. Additionally, the company operates a mobile-first, cloud-native platform, enabling partnerships with financial institutions, fintechs, lenders, and merchant co-brands to enhance the customer experience.
Deserve, Inc. is a financial services company based in Menlo Park, California, that specializes in providing credit cards and other financial products tailored for international students in the United States. Founded in 2012 and originally known as Tremus, Inc., the company leverages machine learning and alternative data to assess creditworthiness, allowing individuals without a traditional credit history to access fair credit products. Deserve utilizes various predictive attributes, such as education and future employability, to evaluate a student's ability to repay. Additionally, the company operates a mobile-first, cloud-native platform, enabling partnerships with financial institutions, fintechs, lenders, and merchant co-brands to enhance the customer experience.
Deserve, Inc. is a financial services company based in Menlo Park, California, that specializes in providing credit cards and other financial products tailored for international students in the United States. Founded in 2012 and originally known as Tremus, Inc., the company leverages machine learning and alternative data to assess creditworthiness, allowing individuals without a traditional credit history to access fair credit products. Deserve utilizes various predictive attributes, such as education and future employability, to evaluate a student's ability to repay. Additionally, the company operates a mobile-first, cloud-native platform, enabling partnerships with financial institutions, fintechs, lenders, and merchant co-brands to enhance the customer experience.
Arrow Financial Services
Acquisition in 2006
Arrow Financial Services is one of the industry leaders in debt purchasing and contingency collections. The company, headquartered in Niles, Illinois, employs around 1,400 people in offices in Niles, Gaithersburg, MD, San Diego, CA, Whitewater, WI, and Rockville Centre, NY. Arrow, which was founded in 1961, will retain its brand in the deal and the existing management team will stay in place.
Upromise, Inc. is a financial services company based in Newton, Massachusetts, that focuses on helping families save for college through a rewards program. Established in 2000, Upromise allows members to earn cash-back rewards from eligible purchases made at various partners, including grocery stores, restaurants, and online retailers. These rewards can be automatically deposited into linked 529 Plan education savings accounts or other financial accounts, enabling users to accumulate savings for education expenses. The platform is designed to support parents, students, and families in achieving their educational financial goals by simplifying the process of saving through everyday spending. Upromise operates as a subsidiary of Prodege, LLC.
Exeter Systems
Acquisition in 2000
Exeter Systems is a privately held company operates as a subsidiary of Sallie Mae, Inc.
Student Loan Funding Resources is a privately held company operates as a student loan lender. It offers federal Stafford, signature student, continuing education, and tuition answer loans for undergraduate students.
At Nellie Mae, we believe cost should never prevent a student from achieving his or her higher education goals.
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