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 ?
Nominations: SLMA members may nominate one or more professional individuals for consideration through October 28th, which is a week after Sales Lead Management Week (October 14-18, 2012).
The ' 20 Women to Watch in Sales Lead Management,' and their photos, appear on the SLMA site.
Shawn Elledge, founder and CEO of DemandCon, added, "We are big fans of SLMA and are pleased to announce our support of the Sales Lead Management Week.
offers reviews in many software categories such as accounting, business intelligence, customer relationship management, enterprise resource planning, facilities management, human resources, maintenance management and supply chain management, the SLMA software reviews will direct members only to the customer marketing and management areas of Software Advice.
Only SLMA members (membership is free) are invited to nominate women and from those nominations, twenty will be selected as the SLMA 20 Women to Watch in 2012.
A third-year SLMA honoree, Fernandez has propelled Marketo past 1,400 customers in just four years, and most recently led the company in securing $50 million in new venture financing to fuel its own business growth.
Wade's career thus far spans three decades and multiple roles from production to economic modeling, working for companies and associations such as International Paper, Georgia Pacific, SFPA and most recently SLMA.
SLMA co-founder Susan Campanale said, "Members and non-members may vote for nominees listed on the SLMA site on November 1st.
Voting for the winners takes place November 1 - 30, 2010 on the SLMA website.
James Obermayer, CEO of the SLMA, said, "Last year there were 5,810 votes cast for 99 nominees, by 3,786 people (each voter may choose up to three nominees).