SLM Corporation, through its subsidiaries, offers education finance in the United States. The company engages in funding, delivering, and servicing support for education loans primarily through its participation in The Federal Family Education Loan Program. It provides various financial services, processing capabilities, and information technology to meet the needs of educational institutions, lenders, students and their families, and guarantee agencies. SLM offers an array of credit products and related services to the higher education community. The company also provides accounts receivable and collections services, which include defaulted student loan portfolio management services; contingency collections services for student loans and other asset classes; student loan default aversion services; and accounts receivable management and collection for purchased portfolios of receivables, and first-party servicing. It serves financial aid offices and schools that are managed within smaller operating segments. SLM was founded in 1972 and is headquartered in Reston, Virginia.
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