Sallie Mae Revenue and Competitors

SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, is the nation's leading provider of education funding, managing nearly $81 billion in student loans for more than 7 million borrowers. The company primarily provides federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP), & offers comprehensive information and resources to guide students, parents & guidance professionals through the financial aid process. Celebrating its 30th anniversary this year, the company opened its doors in May 1973 as a govt-sponsored enterprise (GSE) called the Student Loan Marketing Association, & began the privatization process in 1997. Since then, Sallie Mae's parent company name has changed, most recently to SLM Corporation.Through its specialized subsidiaries & divisions, the company also provides an array of consumer credit loans, including those for lifelong learning & K-12 education, & biz & technical outsourcing services for colleges & universities. More information is available at http://www.salliemae.com. SLM Corporation & its subsidiaries, other than the Student Loan Marketing Association, are not sponsored by or agencies of the US.