Sallie Mae

(redirected from Slm)
Also found in: Dictionary, Acronyms, Encyclopedia, Wikipedia.

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 ?
This offer document follows GE's public announcement on 6 September of its intention to acquire SLM Solutions Group AG.
The SLM supports the full AT&T Mobile Music suite of services, including XM Radio Mobile, Pandora, MusicID song-recognition service and VIP access.
SLM is a full member of the Association of Residential Letting Agents.
All conditions of the sale have been satisfied and funds deposited in SLMs bank account.
SLM will continue to support these three partnerships with proprietary technology, equipment and resources.
GE (NYSE:GE) announced on Friday that it will not extend or change the terms of the tender offer for the outstanding shares of SLM Solutions.
The ratings on the SLM Student Loan Trust 2004-9 senior and subordinate notes are affirmed based on sufficient level of credit enhancement to cover the applicable basis factor stress.
The joint statement issued 24 hours after the clashes indicate for the first time the participation of the SLM Transitional Council in the fighting.
21 October 2016 - US-based digital industrial company GE (NYSE: GE)will not extend or change the terms of the tender offer for the outstanding shares of German additive manufacturing equipment maker SLM Solutions Group AG, the company said.
Education finance provider SLM Corporation (NYSE:SLM), known as Sallie Mae, declared on Friday a dividend on its preferred stock Series A of USD0.
NEW YORK -- Fitch Ratings has affirmed the long-term ratings on the senior notes of 25 SLM Student Loan Trusts and maintains their Stable Rating Outlook.