|
Search over 100 encyclopedias and dictionaries: |
Research categories | Follow us on Twitter |
Research categories
View all topics in the newsView all reference sources at Encyclopedia.com |
|||
SLM Corporation
SLM Corporation foremost provider of funding for higher education to American students; commonly known as Sallie Mae. The company, which also offers information and resources to assist students and others in obtaining funding, had a portfolio of some $127 billion in managed student loans by the early 21st cent. The majority of those loans were federally guaranteed. The SLM Corp. also has a number of educational and finance-related subsidiaries and sponsors the Sallie Mae Fund, a charitable organization that promotes access to higher education. The company is headquartered in Reston, Va. Created in 1972 as the Student Loan Marketing Association (SLMA), it was originally a government-sponsored entity. Privatization was initiated in 1997 and finalized in 2004, when Sallie Mae cut all ties to the federal government. |
|
|
Cite this article
"SLM Corporation." The Columbia Encyclopedia, 6th ed.. 2011. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "SLM Corporation." The Columbia Encyclopedia, 6th ed.. 2011. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1E1-SLMCorp.html "SLM Corporation." The Columbia Encyclopedia, 6th ed.. 2011. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1E1-SLMCorp.html |
|
Search over 100 encyclopedias and dictionaries:
HighBeam™ Research, Inc. © Copyright 2012. All rights reserved.
The Encyclopedia.com advertising network includes:
