Definition, Meaning & Synonyms

sallie-mae

Noun

/ˈsæli meɪ/

Definition

Sallie Mae is a publicly traded company that specializes in student loans and education finance.

Examples

Sallie Mae provides various options for refinancing student loans.
Many students rely on Sallie Mae for financing their education.
After graduation, she faced a lengthy process managing her loans with Sallie Mae.

Meaning

The term ‘Sallie Mae’ refers primarily to the Student Loan Marketing Association, which was created to facilitate student borrowing and assist borrowers in managing student loan debt.