Sallie Mae

Sallie Mae, officially known as SLM Corporation, is a publicly traded company focused on consumer banking and education financing. Established in 1972, it transitioned to a private entity in 2004. Sallie Mae specializes in originating, servicing, and collecting private education loans to help cover financing gaps after federal aid and other resources. The company promotes responsible lending, encouraging borrowers to take only what they need and can afford to repay. In addition to private student loans, Sallie Mae offers savings accounts designed for education expenses and provides free online tools for college planning, including scholarship searches and financial education resources. The company also funds scholarships to help reduce college costs for students. Sallie Mae primarily serves students pursuing undergraduate and graduate education, along with their families, by offering clear information about loan options and repayment plans. The company is committed to improving access and affordability in higher education through research and advocacy.