JSM Profile
SLM Corporation (SLM) is a publicly traded U.S. corporation that provides consumer banking products and services, including private education loans, savings products, and insurance services. It was formerly known as Sallie Mae, and is one of the largest private education loan providers in the country.
SLM Corporation was originally created in 1972 as a government-sponsored enterprise (GSE) to provide affordable student loans. In 2014, the company split into two separate entities, with SLM Corporation retaining the majority of the company's private student loan business and Navient Corporation (NAVI) taking on the federal student loan servicing operations.
As of 2021, SLM Corporation offers private education loans, savings products, and insurance services under the brand name Sallie Mae. The company provides undergraduate and graduate student loans, as well as loans for parents and professional students. SLM Corporation also offers banking products, such as high-yield savings accounts and certificates of deposit (CDs), as well as insurance products, including term life insurance and accidental death and dismemberment insurance.
SLM Corporation is headquartered in Newark, Delaware and is listed on the NASDAQ stock exchange under the ticker symbol "SLM". As of February 2023, the company had a market capitalization of approximately $6.7 billion.
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