Description

SLM Corporation, operating via its subsidiaries, is primarily involved in providing and administering private student loans to individuals and their families throughout the United States, assisting them in funding their educational pursuits. In addition to its lending services, the company extends its offerings to a variety of retail banking products, such as certificates of deposit, money market accounts, and high-yield savings options, alongside omnibus accounts and consumer credit card loans. It further supports students and their families by offering guidance on financial aid processes, federal loan programs, and various other educational resources. The organization, which was established in 1972 and changed its name from New BLC Corporation to SLM Corporation in December 2013, is headquartered in Newark, Delaware.