Student Loan Marketing Association

Student loan marketing association - The Sally Mae Student Loan Marketing Association which happens to be publicly traded, is the biggest student loans provider in the USA. Salle Mae was created by the government in 2000 as one of their enterprises but was changed to a completely private organization now trading on the exchange since 2004. Sallie Mae trades on the New York Stock Exchange. SLM is the Sallie Mae tinker symbol. The Sallie Mae Student Loan Marketing Association purchases student loans from colleges and university and other student loan lenders, it then sells the students loans to interested investors. Therefore money generated from the sale of the student loans will go back into financing the agencies that in tern issue the student loans to needy students.