Sallie Mae

SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation whose operations are originating, servicing, and collecting on student loans. Managing more than $180.4 billion in debt for more than 10 million borrowers, the company primarily provided federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP). It now provides private student loans. Sallie Mae employs 6,600 individuals at offices nationwide.