SLM Corporation (SLM)

SLM Corporation, commonly known as Sallie Mae, is a publicly traded U.S. company specializing in education finance. Founded in 1972, it originally served as a government-sponsored enterprise to support federal student loans. However, it has since transitioned into a private entity focused on offering private education loans, savings tools, and other financial services for students and families. Sallie Mae aims to help students finance higher education with a range of products designed to manage educational expenses. As of 2023, the company's CEO is Jonathan Witter, who assumed the role in early 2020. Under his leadership, Sallie Mae continues to innovate in education finance. In terms of financial performance, Sallie Mae reported notable revenues, reflecting its significant role in the private student lending market. The company is headquartered in Newark, Delaware, and trades on the NASDAQ under the ticker symbol SLM.