SLM

SLM Corporation (NASDAQ:SLM), commonly known as Sallie Mae, is a consumer finance company that specializes in private education loans. Founded in 1972 as the Student Loan Marketing Association, the company was originally a government-sponsored enterprise that facilitated federal student loans. SLM underwent significant transformation in the 2000s, splitting from its federal loan servicing operations and repositioning itself as a private education lender. Today, SLM operates as a publicly traded corporation headquartered in Newark, Delaware, focusing primarily on originating and servicing private student loans while also offering banking products to consumers.