Sallie Mae definition: Sallie Mae is a publicly traded company that provides and trades in student loans . | Meaning, pronunciation, translations and examples
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Sallie Mae is the largest originator of student loans in the country. Sallie Mae Bank Inc. is a member of the Federal Deposit Insurance Corp., and its savings accounts include such products as money market accounts as well as 529 college savings plans and certificates of deposit.
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Sallie Mae is a government- sponsored corporation which was formed in 1972 to cater for students loans. This corporation offers student loans, private education loans, free college planning tools among others for students.
Top definition Sallie Mae unknown The feudal overlord of thousands of naive and idealistic American college students who were susceptible to visions of grandeur about a great-paying job over the rainbow once they have a degree.
In August 2006, Sallie Mae acquired Upromise, a company that provides rebates to buyers of certain brands, which can be applied to college savings accounts. Sallie Mae and Upromise plan to market comprehensive financial packages to parents and students, including investment plans, financial aid information, and student loans.
Sallie Mae, formerly the Student Loan Marketing Association, is the country’s largest originator of private student loans as of 2019.
Sallie Mae, formerly the Student Loan Marketing Association, is the country’s largest originator of private student loans as of 2019. Before we get too far into the specifics, let’s define some terms:..
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Sallie Mae definition: A nickname for the Student Loan Marketing Association (SLMA), which buys student loans from lenders such as colleges or financial institutions. Sallie Mae pools the loans, packages them, then resells them to investors. This free.
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