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Company Profile
- SLM Corporation
- Country : United States
- City: Reston
- State: Virginia - VA
- Address: 11600 Sallie Mae Dr.
- Zipcode: 20193
- Category: Fortune 500 Companies
- Description: Those who graduated magna cum payments may not be familiar with SLM Corporation, but they probably know Sallie Mae. The parent of the Student Loan Marketing Association, the company keeps loan money flowing and protects student loans from the ups and downs of the credit market by buying loans from originators and relieving them of risk for defaults. Sallie Mae no longer has the guarantee of US government support and protection from the costs of defaulted loans; Sallie Mae was forced to reinvent itself by legislation requiring the government to make most of the loans directly. The company expects to be fully privatized in 2006.
- Products: Diversified Financials
- Employees: 6,011