Sallie Mae

There are thousands of student loan providers in the United States. Of them all, Sallie Mae, also known as SLM, is by far the largest. It manages loans worth well over $100 billion dollars to millions of students across the United States.

Sallie Mae employs in the region of 12,000 people in offices across the country. Originally created as a government sponsored organization in 1972, it has now fully privatized and has absolutely no ties with federal government.

The fact that this is a listed company is an indication of how big it really is. As well as providing loans for students, it also administers college savings accounts worth about $18 billion for about one million people.

Not only is Sallie Mae a major company, it is also highly regarded as being extremely ethical and providing a valuable service to the nation. While it is private, most of its student loans are federally guaranteed.

As well as financial assistance, Sallie Mae has developed its services further to now provide a full range of resources to help students and parents find and fund the best level of education possible. It also provides scholarship funding for minority and low-income students and actively promotes a high level of education for all.