One of the mysteries of the English language finally explained.
The Student Loan Marketing Association, an agency that makes educational loans more widely available to college students.
- ‘Sallie Mae has been hit hard by student loan losses in the wake of the global credit crises.’
- ‘The Sallie Mae Fund administers its own programs and initiatives. As such, The Fund does not accept unsolicited grant proposals.’
1970s: elaboration of the acronym SLMA, suggested by the given names Sally and Mae, on the pattern of Fannie Mae.
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