In an effort to offer a wider array of college savings products, SLM Corp., an education lending and savings company known better as Sallie Mae, launched an FDIC-insured, high-yield online savings account and certificate of deposit.
Kelly Christiano, the vice president of retail deposits for Sallie Mae, said that it has offered 529 college savings plans to individuals since it bought Upromise Investments in 2006. Through the unit, Sallie Mae manages more than $23 billion in 529 college savings plans.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access