Sallie Mae

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Sallie Mae

Sallie Mae

The Student Loan Marketing Association (SLMA). A publicly-traded company chartered by the U.S. Congress to guarantee student loans and to provide a secondary market for student loans made by other lenders. In order to do this, it buys student loans and repackages them, selling them as short-term and medium-term debt obligations. Sallie Mae also provides other services, such as debt management, to students, universities, and businesses. It was established as a government-sponsored enterprise in 1972, but ended its federal charter in 2004. See also: Farmer Mac, Fannie Mae, Freddie Mac.

Sallie Mae

Sallie Mae.

This corporation purchases student loans from various lenders, such as banks, and packages the loans as bonds or short-term or medium-term notes. After issue, these debt securities trade on the secondary market.

Sallie Mae guarantees repayment of the bonds and notes, and uses the money it raises through the sale of these securities to provide additional loan money for post-secondary school students. Sallie Mae also arranges financing for state student loan agencies. Its shares trade on the New York Stock Exchange (NYSE).

Sallie Mae

Popular name for Student Loan Marketing Association.This organization has nothing to do with real estate,but it is defined here because there is sometimes confusion with all the other “Maes”that are related to real estate finance—Fannie Mae,Ginnie Mae,Maggie Mae,and Munie Mae.

References in periodicals archive ?
SLM Corporation stock grew 17 percent in the past 12 months.
A leading provider of saving, planning and paying for education programmes, SLM Corporation manages USD192bn in education loans and serves 10 million student and parent customers.
Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.
On Sept 30, 2007, SLM Corporation had 414 million shares of voting common stock, 3.
CONTACT: Investors, Steve McGarry, +1-703-984-6746, or Media, Tom Joyce, +1-703-984-5610, both for SLM Corporation
CONTACT: Investor Contact, Steve McGarry, +1-703-984-6746, Media, Tom Joyce, +1-703-984-5610, both of SLM Corporation
Sallie Mae's security holders and other interested parties may also obtain, without charge, a copy of the proxy statement and other relevant documents by directing a request by mail or telephone to Investor Relations, SLM Corporation, 12061 Bluemont Way, Reston, Va.
15 /PRNewswire-FirstCall/ -- SLM Corporation , commonly known as Sallie Mae, today announced a 2007 fourth-quarter dividend on its Preferred Stock Series A of $0.
6 /PRNewswire-FirstCall/ -- In response to numerous inquiries about its pending merger, SLM Corporation reaffirmed that its merger with an affiliate of J.
SLM Corporation (NYSE:SLM), commonly known as Sallie Mae, today announced a 2010 fourth-quarter dividend on its Preferred Stock Series A of $0.
3 /PRNewswire-FirstCall/ -- Today, SLM Corporation , commonly known as Sallie Mae, reported that several members of the company's Board of Directors must exercise options to acquire the company's common stock that would otherwise expire on Aug.
SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, today announced that it will release 2010 second-quarter earnings results after the close of the New York Stock Exchange on Tuesday, July 20, 2010.