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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