Student Loan Marketing Association (Sallie Mae) - Explained
What is Sallie Mae?
Written by J. Mance Gordon
Updated at April 22nd, 2024
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What is Sallie Mae?
Sallie Mae is a government-sponsored corporation that was formed in 1972 to cater to student loans. This corporation offers student loans, private education loans, and free college planning tools for students.
Sallie Mae was privitized in 2004. It is a publicly-traded U.S corporation that is regarded as the country's largest originator of federally insured student loans.
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- Student Loan Marketing Association (Sallie Mae)