Sallie Mae - Student Loan Marketing Association

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DEFINITION of 'Sallie Mae - Student Loan Marketing Association'

A publicly traded company that is the largest provider of educational loans in the U.S. Along with providing student loans, Sallie Mae purchases student loans from the original lenders and provides financing to state student-loan agencies.

INVESTOPEDIA EXPLAINS 'Sallie Mae - Student Loan Marketing Association'

Sallie Mae was originally formed in 1972 as a government enterprise but as of 2004 is a completely independent publicly traded company. Sallie Mae is traded on the NYSE with the ticker symbol SLM.

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