# Sallie Mae

> Sallie Mae is the U.S. private education lender and savings provider operated by SLM Corporation. It finances undergraduate, graduate, career-training and parent borrowing, while its broader Sallie brand offers college-search and scholarship tools.

- **Founded:** 1972
- **Headquarters:** Newark, United States
- **Founders:** United States Congress (Created the predecessor Student Loan Marketing Association by federal charter in 1972)
- **Products:** Smart Option Student Loan, Graduate student loans, Career Training Smart Option Student Loan, Parent Loan, Savings accounts, money market accounts and CDs
- **Notable:** Privatization of the predecessor GSE completed in 2004., Private education originations rose 6% to approximately $7.4 billion in 2025., Made Scholly scholarship search free after acquiring key assets in 2023.

## Products & services

- **Smart Option Student Loan** — Private undergraduate financing with fixed or variable rates and in-school repayment choices.
- **Graduate student loans** — Financing for graduate, MBA, law, medical, dental and health-professions programs.
- **Career Training Smart Option Student Loan** — Private financing for eligible professional training and certificate programs.
- **Parent Loan** — Credit-qualified adults can borrow in their own name to finance a student’s undergraduate or graduate education.
- **Savings accounts, money market accounts and CDs** — Deposit products offered through Sallie Mae Bank.
- **Scholly Scholarships** — Free scholarship search made available after the 2023 key-asset acquisition, now part of Sallie.
- **Scout College Search** — College discovery and planning resource under the broader Sallie brand.

## Achievements

- Privatization of the predecessor GSE completed in 2004.
- Private education originations rose 6% to approximately $7.4 billion in 2025.
- Made Scholly scholarship search free after acquiring key assets in 2023.

## Latest updates

- **2026-09** — Published a September 29 announcement urging families to file the newly opened 2027-28 FAFSA.
- **2026-08** — Released How America Pays for College 2026 with Ipsos; surveyed families reported average annual college spending of $34,019.
- **2026-07** — Q2 originations grew 4.5% year over year; reported net income of $59 million and $113 million in net charge-offs.
- **2026-06** — Launched a new Parent Loan.

## Links

- Website: https://www.salliemae.com/
- LinkedIn: https://www.linkedin.com/company/salliemae/
- Twitter/X: https://x.com/SallieMae
- YouTube: https://www.youtube.com/watch?v=K4mkmyubKWc
- Instagram: https://www.instagram.com/salliemae/
- Facebook: https://www.facebook.com/SallieMae

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Profile page: https://yespress.io/sallie-mae
Published by YesPress — https://yespress.io
Last updated: 2026-10-22