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Define Sallie Mae

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Sally definition is – an action of rushing or bursting forth; especially : a sortie of troops from a defensive position to attack the enemy. How to use sally in a sentence.

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Sallie Mae. This corporation purchases student loans from various lenders, such as banks, and packages the loans as bonds or short-term or medium-term notes. After issue, these debt securities trade on the secondary market.

sallie mae : definition of sallie mae and synonyms of sallie. – In August 2006, sallie mae acquired upromise, a company that provides rebates to buyers of certain brands, which can be applied to college savings accounts.Sallie Mae and Upromise plan to market comprehensive financial packages to parents and students, including investment plans, financial aid information, and student loans.

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Sallie Mae is the largest originator of student loans in the country. Sallie Mae Bank Inc. is a member of the Federal Deposit Insurance Corp., and its savings accounts include such products as money market accounts as well as 529 college savings plans and certificates of deposit.

Sallie Mae definition and meaning | Collins English Dictionary – Sallie Mae, the largest student loan provider, has just announced that it will charge fees for loan applications. sallie mae, America’s leading provider of education loans, owns or manages approximately $100 billion in student loans for more than seven million borrowers.

Sallie Mae, formerly the Student Loan Marketing Association, is a publicly traded company that is the largest provider of educational loans in the U.S.

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The biggest student loan lender, Sallie Mae, was formerly a government-sponsored entity, which became private between 1997-2004. A number of financial institutions offer private student loans, including banks like Wells Fargo, and specialized companies. student loan search and comparison websites allow visitors to evaluate loan terms from a variety of partner lenders, and financial aid offices in universities typically have a preferred vendor list, but borrowers are free to obtain loans.

Define Sallie Mae. Sallie Mae synonyms, Sallie Mae pronunciation, sallie mae translation , English dictionary definition of Sallie Mae. n. a government-chartered private corporation that makes available low-cost student loans by purchasing loans from lending institutions.

–(BUSINESS wire)–sallie mae (nyse: slm) today reported first-quarter GAAP and. For a greater explanation of “Core Earnings,” see the section titled “core earnings‘ – Definition and Limitations”.