Discover Credit Card (DFS) Purchases Student Loan Corp(SLC)

Discover Financial Services announced they have acquired of Student Loan Corp. or SLC on December 31, 2010. The acquisition includes SLC’s ongoing private student loan business and private student loans and other assets totaling $4.2 billion, along with $3.4 billion of SLC’s existing asset-backed securitization funding and other liabilities.


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