The Student Loan Marketing Association (SLMA), commonly known as Sallie Mae, focuses on providing student loans. SLMA originally began as a government-sponsored enterprise and operated in a way similar to the agencies discussed above. In 2004, it was spun off into a private company and now operates independently, with no government backing. The company also has publicly traded stock (ticker: SLM).
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The Student Loan Marketing Association (SLMA), commonly known as Sallie Mae, focuses on providing student loans. SLMA originally began as a government-sponsored enterprise and operated in a way similar to the agencies discussed above. In 2004, it was spun off into a private company and now operates independently, with no government backing. The company also has publicly traded stock (ticker: SLM).