Sallie Mae Inc

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Sallie Mae is one of the United States leading providers of education funding. The company has helped millions of Americans achieve dreams of a higher education. Sallie Mae primarily provides federal and private student loans, including consolidation loans, for undergraduate and graduate students and their parents. In addition, Sallie Mae provides comprehensive information and resources to assist students, parents and guidance professionals with the financial aid process. Sallie Mae owns or manages student loans for more than 9 million borrowers and employs nearly 10,000 individuals at offices throughout the U.S. The company was originally created in 1972 as a government-sponsored entity, or GSE. The company began privatizing its operations in 1997, a process it completed at the end of 2004 when the company terminated its ties to the federal government. Sallie Mae is listed on both the Fortune 500 and the Forbes 500. Sallie Mae has a branch located in Reston, Va.