Sallie Mae Bank

Overview

SLM Corporation, more commonly known as Sallie Mae, is the nation’s leading saving, planning, and paying for education company. SLM Corporation is a holding company that operates through a number of subsidiaries. Sallie Mae’s mission is to power confidence as students begin their unique journey. The company was founded in 1972 and is headquartered in Newark, Delaware, United States. The bank believes college should be affordable, equitable, and accessible for all students. As the leader in private student lending, they provide financing and expertise to support college access and completion. The bank offers products and resources to help students and families start smart in planning for higher education, ensuring opportunities to learn and dream big.

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Quick Facts

Company Name Sallie Mae Bank
Industry Financial Services
HQ Address Newark, Delaware, United States
Revenue $1.82 billion [2022]
Employee Size 1700
Company Type Public
Fiscal Year-End December 31st
Website www.salliemae.com
Subsidiaries Bluemont Funding LLC, Bull Run 1 LLC, Cavalier Funding LLC, Cavalier Funding l LLC, Churchill Funding LLC, HICA Holding, Inc. and More
Locations Newark, DE, Indianapolis, IN, Salt Lake City, UT, Newton, MA, Sterling, VA, and New Castle, DE.
Competitors Discover Bank, Citizens Financial Group, Inc., and PNC Bank

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