Interest income from cash and equivalents at Sallie Mae 2013-2023
The net interest income from cash and equivalents at the SLM Corporation, commonly known as Sallie Mae, generally increased from 2013 to 2019, albeit with some fluctuation, before declining sharply in the year 2020. This decline could be attributable to the effects of the coronavirus pandemic. At the end of 2023, the net interest income from cash and equivalents of this publicly traded U.S. corporation, whose operations are originating, servicing, and collecting on student loans, amounted to approximately 213.8 million U.S. dollars.