SLM Corp. (SLM), commonly known as Sallie Mae said Thursday that it has sold the residual interest in its SLM Student Loan Trust 2006-2 securitization to a third party.
Sallie Mae will continue to service the student loans in the trust under existing agreements.
The deal reduced student loan assets by $2.03 billion and related liabilities by $1.99 billion.
Sallie Mae said the gain from the deal will add about $0.13 to its second-quarter 2013 GAAP and core earnings per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.