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, commonly known as Sallie Mae, is the nation's leading provider of education funding, managing more than $116 billion in student loans for more than 8 million borrowers.
SLM Corporation, commonly known as Sallie Mae, is the nation's leading provider of education funding, managing nearly $95 billion in student loans for more than 7 million borrowers.
Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.
NEWARK, Del: Sallie Mae, formally SLM Corporation, increased diluted earnings per share 40 percent year-over-year to $.59 (including $.20 attributable to gains on sales of loans) and grew private education loan originations 6 percent to $4.3 billion.
SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, has said that it has appointed Jonathan C Clark as executive vice president & chief financial officer.
Sallie Mae (Nasdaq: SLM) (SLM Corporation) has released first-quarter 2017 financial results that include growth in portfolio size, net interest income, diluted earnings per share and originations, the company said.
SLM Corporation (Sallie Mae) (Nasdaq:SLM) released on Friday a preferred stock series B dividend o f USD1.0535024 per share for the third-quarter of 2018.
Sallie Mae (Nasdaq: SLM), formally SLM Corporation, has priced its public offering of USD 200m aggregate principal amount of 5.125 percent senior notes due April 5, 2022 at par, the company said.
Sallie Mae (NASDAQ: SLM), formally SLM Corporation, the United States' saving, planning, and paying for college company, has said that it has declared a cash dividend of USD0.9826111 per share on its series B preferred stock for the second quarter of 2018.
Formerly known as SLM Corporation, Sallie Mae helps people save, plan and pay for college company.
Sallie Mae, which is formally called SLM Corporation, is a US-based education financing provider whose products and services include college savings programmes, scholarship search tools, education loans, tuition insurance and online banking.
Sallie Mae (NASDAQ: SLM), formerly SLM Corporation and a United States' saving, planning, and paying for college company, has said that it has appointed Nicolas Jafarieh as general counsel.