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Sallie Mae is the nation's leading provider of education funding, managing more than $72 billion in student loans for more than 7 million borrowers. For 30 years, Sallie Mae has been helping students achieve their dreams of higher education by providing funds for educational loans, primarily federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP). In addition, the company offers comprehensive information and resources to guide students, parents and guidance professionals through the financial aid process. Through its specialized subsidiaries and divisions, the company also provides an array of consumer credit loans, including those for lifelong learning and K-12 education, and business and technical outsourcing services for colleges and universities. Founded in 1972 as the Student Loan Marketing Association, a government-sponsored enterprise (GSE), the company began the privatization process in 1997. Since then, Sallie Mae's parent company name has changed, most recently to SLM Corporation (effective May 17, 2002). However, most people refer to the company simply as Sallie Mae. Subsidiaries include: Sallie Mae, Inc.; the Sallie Mae Servicing Corporation; SLM Financial Corporation; Nellie Mae; Student Loan Funding Resources; Education One Group and others. A for-profit, publicly traded company on the New York Stock Exchange (NYSE: SLM), Sallie Mae is a Fortune 500 company headquartered in Reston, Virginia, with facilities and subsidiary companies located throughout the United States, including Indiana, Ohio, Massachusetts, New Jersey, Pennsylvania, Florida, Texas, Nevada, Arizona, South Dakota, Iowa and Colorado. SLM Corporation and its subsidiaries, other than the Student Loan Marketing Association, are not sponsored by or agencies of the United States. |
