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SLM Corporation
(redirected from Student Loan Marketing Association)

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
SLM Corporation, foremost provider of funding for higher education to American students; commonly known as Sallie Mae. The company, which also offers information and resources to assist students and others in obtaining funding, had a portfolio of some $127 billion in managed student loans by the early 21st cent. The majority of those loans were federally guaranteed. The SLM Corp. also has a number of educational and finance-related subsidiaries and sponsors the Sallie Mae Fund, a charitable organization that promotes access to higher education. The company is headquartered in Reston, Va. Created in 1972 as the Student Loan Marketing Association (SLMA), it was originally a government-sponsored entity. Privatization was initiated in 1997 and finalized in 2004, when Sallie Mae cut all ties to the federal government.


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It sounds easy, but often by the time you begin paying back, your lender has long sold off your loan on the secondary market to a consolidation company like Student Loan Marketing Association (better known as Sallie Mae, 800-524-9100), USA Group (800-382-4506) or Citibank (800-967-2400).
At the other end of the spectrum, those with the highest proportion of women officers were the Student Loan Marketing Association (which is known as Sallie Mae), with 57 percent, the Corestates Financial Group, with 40 percent, and Pitney Bowes, also with 40 percent.
In June, Orange County also filed five suits against various former advisers as well as Standard & Poor's bond-rating agency and the Student Loan Marketing Association (Sallie Mae).
 
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