
The Student Loan Marketing Association, better known as Sallie Mae, holds a significant place in the history of higher education financing in the United States. Its evolution, from a government-sponsored entity to a privately held corporation, reflects broader shifts in the student loan landscape. This exploration delves into Sallie Mae’s role, its impact on student loan accessibility and affordability, and the controversies that have shaped its trajectory. We will examine Sallie Mae’s current business model, its marketing strategies, and its communication with borrowers. Furthermore, we’ll analyze criticisms of its practices and consider its potential future in a constantly evolving financial Read More …