SLM

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completed the purchase of Upromise, a company that helps families save for college.

"We are excited to help families save and pay for college through our partnership with Upromise," the Reston, Va.-based company said "This transaction advances our mission to increase access to higher education and to educate students and families on how best to meet college costs."

Tom Anderson, CEO of Upromise, will continue to lead the organization of more than 300 individuals in Needham, Mass., the company said.

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