Sallie Mae Hear it!

Sallie Mae Finance Definition
A nickname for the Student Loan Marketing Association (SLMA), which buys student loans from lenders such as colleges or financial institutions. Sallie Mae pools the loans, packages them, then resells them to investors. This frees up the institutions to issue more loans, because the debts are removed from their balance sheets. Sallie Mae is a federally-chartered corporation that is publicly traded.

Browse dictionary entries near Sallie Mae

  1. ‹ sallet
  2. ‹ sallenders
  3. ‹ salle
  4. ‹ Salk
  5. ‹ salivate
  6. ‹ salivary
  7. ‹ saliva
  8. ‹ Salishan
  9. ‹ Salish
  10. ‹ Salisbury steak
  1. sallow ›
  2. Sallust ›
  3. sally ›
  4. Sally Lunn ›
  5. salmagundi ›
  6. salmi ›
  7. salmon ›
  8. salmon trout ›
  9. salmonberry ›
  10. salmonella ›