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