SLM
- SLM Corporation
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Overview
Company Summary
SLM Corporation, commonly known as Sallie Mae, is a company that specializes in providing financial services primarily focused on education. Founded in 1972, Sallie Mae operates as a public corporation and is headquartered in Newark, Delaware.
The primary objective of Sallie Mae is to assist students and families in financing their higher education expenses. It offers various educational loans, including private student loans, parent loans, and consolidation loans. These loans cover college tuition fees, textbooks, housing, and other related expenses.
In addition to lending services, Sallie Mae also provides useful tools and resources to help students and their families plan and manage their education financing. This includes online calculators, budgeting advice, scholarship search tools, and financial literacy programs aimed at improving financial knowledge and skills.
Over the years, the company has diversified its operations by offering other financial services such as banking products, including savings accounts, certificates of deposit (CDs), and credit cards. Through its banking arm, Sallie Mae aims to provide better financial solutions and banking options to students and young adults.
Overall, Sallie Mae's core focus remains on educational financing, aiming to ensure that individuals have access to the necessary funds to pursue higher education. By offering an array of loan products and supportive resources, Sallie Mae plays a significant role in helping students and families navigate the complex financial landscape associated with education.