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Sallie Mae
SLM Corporation NYSE: SLM, commonly
known as Sallie Mae, is the United States' largest college student loan
company, managing more than $126.9 billion in debt for more than 10
million borrowers, and employing 12,000 individuals at offices
nationwide.
The company primarily provides federally guaranteed student loans
originated under the Federal Family Education Loan Program (FFELP) and
offers resources to assist students, parents, and guidance professionals
with the financial aid process.
Sallie Mae sponsors The Sallie Mae Fund, a charitable organization with
a mission to increase access to higher education for America's students
by supporting and starting programs and initiatives that help open doors
to higher education. The Sallie Mae Fund prepares families and students
for college and provides scholarship funding that focuses on minority,
low-income, and "first in the family" students. Since 2001, The Sallie
Mae Fund has awarded $10 million in scholarships to help 4,000 students
enroll in college. That is $1 donated for every $12,690 under their
management.
Through The Fund's work, Sallie Mae was named among BusinessWeek's Top
15 Corporate Philanthropists in 2004. The Washington Business Journal
identified the company as the top local corporate philanthropist in
2005.[1]
Sallie Mae won the Ron Brown Award for Corporate Leadership in 2006. It
was honored for three college-access programs developed by The Sallie
Mae Fund: Latino College Access Campaign, Project Access: DC, and The
Sallie Mae Fund Scholarship Programs.
The Sallie Mae Fund earned the 2007 Insight Award for Customer Advocacy
in Financial Services (from Insight Forums, LLC). The award recognizes
financial communications initiatives that proactively enable customers
to make fully-informed choices.
Corporate Responsibility Officer has named Sallie Mae one of America's
"100 Best Corporate Citizens" five times. Corporations (over 1,100 are
evaluated) are selected according to community, governance, diversity,
and environmental best business practices.
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