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Sallie Mae: Sallie Mae Fund
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SLM Corporation (NYSE: SLM - News), commonly known as Sallie Mae, is the nation’s leading provider of education funding, managing nearly $127 billion in student loans and serving 10 million borrowers. Sallie Mae was originally created in 1972 as a government-sponsored entity (GSE) and terminated its ties to the federal government in 2004. The company remains the country’s largest originator of federally insured student loans. Through its specialized subsidiaries and divisions, Sallie Mae ... provides debt management services as well as business and technical products to a range of business clients, including colleges, universities and loan guarantors. More information is available at http://www.SallieMae.com. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.
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Sallie Mae is a corporation that provides funding and servicing support for education loans. Sallie Mae annually sponsors the First Class Teacher Award to honor the nation's most outstanding elementary and secondary educators during their first year of teaching. This program is implemented in cooperation with the American Association of School Administrators, the professional organization representing 15,000 education leaders nationwide.
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Sallie Mae®, the nation’s leading provider of education funding, has helped millions of Americans achieve their dream of a higher education. The company primarily provides federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP), and offers comprehensive information and resources to assist students, parents and guidance professionals with the financial aid process. Sallie Mae currently owns or manages student loans for more than 7 million borrowers, and employs nearly 8,000 individuals at offices nationwide. The company opened its doors in May 1973 as a government-sponsored enterprise (GSE) called the Student Loan Marketing Association, and began a privatization process in 1997. Since then, Sallie Mae’s parent company name has changed, most recently to SLM Corporation. The GSE, which has operated as a subsidiary of the holding company since the beginning of the privatization process, will be phased out by 2006, and Sallie Mae will be a private sector company.
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Sallie Mae ... sponsors The Sallie Mae Fund, a nonprofit organization whose mission is to increase access to higher education, particularly among low-income and minority families and first-generation college students. In response to research showing that low awareness about scholarships and other forms of financial aid prevents many Latino young adults from pursuing a higher education, The Sallie Mae Fund launched the Paying for College Bus Tour. This coast-to-coast education campaign conducts free workshops and distributes materials in Spanish and English to high school students and their families in major Hispanic population centers. Now in its fourth year, the Bus Tour has provided more than 500 workshops in 33 states, reaching 100,000 people.
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The Sallie Mae Fund was established as a donor-advised fund by Sallie Mae, the nation‚s leading provider of education funding - a company listed both on the Fortune 500 and Forbes 500. Additionally, Sallie Mae has been recognized by Business Ethics magazine for outstanding corporate citizenship, and by the National Association of Female Executives as one of the top 30 companies for executive women. Today, the fund directs annual giving programs that exceed $12 million.
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Sallie Mae isn't a person. It'sthenation's leading facilitator in education finance. Sallie Maefunds four out of10 insured education loans and purchases student loans fromSpokane Teachers Credit Union and other lender partners. This allows the Credit Union to generate more funds to have available for additional students and parents who need new loans.
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Sallie Mae Fund