SLM Corporation, through its subsidiaries, provides education finance in the United States. The company originates and holds student loans by providing funding, delivery, and servicing support for education loans through its participation in the federal family education loan program (FFELP) and through offering non-federally guaranteed private education loans. It primarily markets its FFELP Stafford and private education loans through on-campus financial aid offices. The company also engages in asset performance group business, which provides a range of accounts receivable and collections services, including student loan default aversion services, defaulted student loan portfolio management services, contingency collections services for student loans and other asset classes, and accounts receivable management and collection for purchased portfolios of receivables. In addition, it purchases and manages sub-performing and non-performing mortgage loans. Further, the company provides student loan and guarantees servicing, and loan default aversion and defaulted loan collections. Additionally, it provides processing capabilities and information technology to educational institutions, as well as, 529 college savings plan program management, transfer and servicing agent services, and administration services. The company was founded in 1972 and is headquartered in Reston, Virginia.
$4.86 (04/19/09)
