Company Information

Get to know sallie mae

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.

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Financial BankingPRIMARY
Financial Other Service

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sallie mae

United States

Founded in

1972 (54 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.