SLM - Students are Returning to Campus: Is This Deep Value Stock a Buy?
Students are back on college campuses this fall after almost a year and a half of online or hybrid learning brought on by the coronavirus pandemic. One company happy to see these students return is private student lender SLM (NASDAQ: SLM) , better known as Sallie Mae.
The student lender recently announced its earnings, and management expressed optimism for the second half of the year with updated guidance for both earnings and charge-offs. As economic conditions improve and students return to class, is this deep value stock a buy?
Sallie Mae is one of the leading providers of student loans in the country. The company established an industrial bank in 2005 so that it could fund and originate private student loans, or loans that are not insured or guaranteed by the federal government. These private loans help students and families bridge the gap between public loans, scholarships, and the cost of college.
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Students are Returning to Campus: Is This Deep Value Stock a Buy?