Sallie Mae (SLM) hires Goldman Sachs (GS) to advise on a potential sale or spinoff of its...

|About: SLM Corporation (SLM)|By:, SA News Editor

Sallie Mae (SLM) hires Goldman Sachs (GS) to advise on a potential sale or spinoff of its student-loan servicing business and its $145B government-subsidized loan portfolio, according to the NY Post, and considers the possibility of converting part of its platform into a traditional deposit-taking bank. SLM +5.2% premarket.