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, (Sallie Mae) (NASDAQ:SLM) on Wednesday declared its 2017 first-quarter dividend of USD0.
A subsidiary of SLM Corporation (NASDAQ: SLM), Sallie Mae is the nation's saving, planning, and paying for college company.
SLM Corporation (Sallie Mae) (NASDAQ:SLM) announced on Wednesday that it will pay a dividend of USD0.
Sallie Mae Bank, the wholly-owned subsidiary of the recently reorganised SLM Corporation (NYSE: SLM), has said that it has voluntarily settled its previously reported regulatory matters with the FDIC and Department of Justice regarding disclosures and assessments of certain late fees, as well as compliance with the Servicemembers Civil Relief Act.
Sallie Mae (NASDAQ: SLM), formally SLM Corporation, today announced that after service spanning more than 30 years, its Vice Chairman and Chief Executive Officer Albert L.
A subsidiary of SLM Corporation and commonly known as Sallie Mae, Sallie Mae Bank is a member FDIC.
Sallie Mae (NASDAQ: SLM), formally SLM Corporation and the US' leading financial services company specialising in education, has said that it has named Steven McGarry as executive vice president and chief financial officer of the future holding company of Sallie Mae Bank.
Further, SLM Corporation and its subsidiaries or commonly known as Sallie Mae, are not sponsored by or agencies of USA.
Sallie Mae (NYSE: SLM), formally called SLM Corporation and the US' largest financial services company specialising in education, has said that its board has decided to increase the regular quarterly dividend on the company's common stock from USD0.
SLM Corporation (Sallie Mae) (NASDAQ:SLM), a provider of education funding, originating and servicing of US government guaranteed and private student loans, eannounced on Tuesday that it has appointed Jim Matheson and Vivian C.
SLM Corporation, or Sallie Mae (NYSE: SLM), the US' largest student lender, is planning to issue a two-part deal comprising five and 10-year bonds in the US credit markets on Tuesday.
US financial services company Sallie Mae (NASDAQ:SLM), formally SLM Corporation, revealed on Thursday that Raymond J Quinlan takes over as its vice chairman, an executive officer position of SLM Corporation.