If you still think that Sallie Mae is just another US agency, you’re behind the times. For a start, its official name, since last year, is SLM Corporation. Nevertheless it’s still widely referred to, even by its own executives, as Sallie Mae. But the name change is just one step the company has taken as it has gradually shifted away from the role it was created for in 1972, to be the chief buyer of student loans originated by other financial institutions.
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