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Definition of

Sallie Mae

Finance

US company investing in student loans the largest source of student loans and administrator of college savings plans in the United States. Created in 1972 as a government-sponsored entity, it became completely privatized in 2004 and is a stockholder-owned company traded on the New York Stock Exchange. Sallie Mae purchases loans from lenders, pools them, and sells them to investors.

Related definitions of "Sallie Mae"

Definitions of ’Sallie Mae’ and meaning of ’Sallie Mae’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’Sallie Mae’ and other financial terms with our online QFINANCE Financial Dictionary.

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