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Those who graduated "magna cum payments" may not be familiar with SLM, but they probably know its more common moniker, Sallie Mae. The company, which manages some 10 million student loans, is the US's largest source of funding and servicing for education loans. Formerly primarily a wholesale acquirer, SLM now originates more than half its loans. SLM also has debt-management operations for student loans, mortgages, and other receivables. From inception, the company borrowed money at near-government rates to purchase government-guaranteed loans, but in the 1990s Congress took away SLM's funding edge, making privatization attractive.
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| | | Contact Information | |
Address: |
12061 Bluemont Way
Reston, VA 20190
| | Phone: | 703-810-3000 | | Fax: | 703-984-5042 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 1784.00 M | | Revenue Growth (1 yr): | (-14.50%) | | Employees (2008): | 8,000 | | Employee Growth (1 yr): | (-27.30%) |
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Key People
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Chairman:
Anthony P. (Tony) Terracciano
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Vice Chairman and CEO:
Albert L. Lord
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Vice Chairman and CFO:
John F. (Jack) Remondi
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