Definition of Sallie Mae in English:

Sallie Mae

proper noun

informal
  • The Student Loan Marketing Association, an agency that makes educational loans more widely available to college students.

    • ‘The Sallie Mae Fund administers its own programs and initiatives. As such, The Fund does not accept unsolicited grant proposals.’
    • ‘Sallie Mae has been hit hard by student loan losses in the wake of the global credit crises.’

Origin

1970s: elaboration of the acronym SLMA, suggested by the given names Sally and Mae, on the pattern of Fannie Mae.

Pronunciation:

Sallie Mae

/ˌsalē ˈmā/