Originally created in 1972 as a Government-Sponsored Enterprise (GSE), Sallie Mae (officially SLM Corporation) transitioned into a fully private company in 2004. In 2014, the company separated into two distinct entities: Sallie Mae Bank, which originates private education loans and offers consumer banking products, and Navient, which services federal student loans. Today, Sallie Mae's mission is to help American families save, plan, and responsibly pay for college. Its core business includes originating and servicing private student loans, and it also offers a range of consumer savings products like high-yield savings accounts, money market accounts, CDs, and credit cards.

Founded in

United States