Sallie Mae is the trading name of SLM Corporation that trade publicly on the New York Stock Exchange. The corporate headquarters of the company is situated in Newark, Delaware, United States. The company is a member of S&P 400. The main business of the company is providing consumer banking. The annual profit of the company is more than US$ 462 million. They were previously known with the name of Student Loan Marketing Association. The company’s operations are basically divided into three different subsidiaries, named Sallie Mae Bank, Upromise, and SLM Financial Corporation.
In addition to their main headquarters, the company has offices in Massachusetts, Salt Lake City, Newton, and Reston.
Sallie Mae Solutions
There is a great variety of financial products offered by the company that include student loans, banking services, and college planning solutions. In student loan category, the company offer undergraduate student loans, parent loans, K-12 loans, graduate loans, and college training loans. On the other hand, the banking services include money market account, certificates of deposit, Goal Saver account, high-yield savings account, and personal loan.
Sallie Mae Details
The company’s loans are originated under the Federal Family Education Loan Program. They started their operations in 1972. Presently, they have more than 1,400 employees who work in the various parts of the country. Overall, there is more than US$ 12.90 billion assets. The company is controlled by Board of Directors who is led by the Chairman.