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 ?
Sallie Mae and its subsidiaries offer debt management services as well as business and technical products to a range of business clients, including higher education institutions, student loan guarantors and state and federal agencies.
The federal government pays the interest if students qualify for deferment, according to Sallie Mae.
CONTACT: Beth Guerard of Sallie Mae, +1-703-984-5621, beth.
Sallie Mae employees have supported the Lance Armstrong Foundation since 2001.
Sallie Mae has stated that under its new projections -- put together after the College Cost Reduction and Access Act was finalized and after the credit crunch hit -- its core earnings net income would be reduced between 1.
As you are aware, we have sought to meet to discuss the controversy between our group and Sallie Mae and would welcome the opportunity to do so at any time.
Deck joined Sallie Mae in 2000, and she leads corporate-wide marketing responsibilities for Sallie Mae.
Sallie Mae also offers interest rate discounts of a half to a full percentage point for customers who choose in-school payments.
He has made an enormous contribution toward establishing Sallie Mae as the industry leader in serving students and schools.
The parent or student who best illustrates college spirit and family pride in an original photo will receive a $10,000 scholarship from Sallie Mae to be used toward college expenses.
May 1 /PRNewswire-FirstCall/ -- Sallie Mae UK, a division of Sallie Mae , today announced the launch of the Sallie Mae UK Education Loan Program to meet the financial needs of U.
17 /PRNewswire-FirstCall/ -- Sallie Mae has won the Association of Fundraising Professionals' Outstanding Corporation Award for its record of "extraordinary excellence in philanthropy.