Sallie Mae / SLM
Arnold Hernandez, national spokesman for The Sallie Mae Fund's Paying for College Tour, meets with students around the country to talk about the opportunity to go to college. (Photo: Courtesy of company.)
About Sallie Mae
12061 Bluemont Way, Reston, Va. 20190
www.salliemae.com
| 703-810-3000
| Founded: 1972
Industry: Financial Services | Category: Public Companies
SLM, also known as Sallie Mae, is the nation's largest student lender, making private and government-backed loans and pooling them into securities. Since 2007, it has lost more than $1.13 billion, and federal efforts to lower interest rates have cut into its investment income. The firm is threatened by a White House proposal to end subsidies for private-sector lenders such as Sallie Mae, replacing them with direct loans from the government.
Vice chairman and CEO: Albert L. Lord
Vice chairman and CFO: John F. Remondi
2008 Financial Data
Revenues: $7,689,430,000 | Net Income: $-212,626,000Asssets: $168,768,437,000 | Earnings Per Share: $-0.69
Stockholder Equity: $4,999,070,000 | Annual Dividend: $0.00
Total employees: 8,200 | Local employees: 575
