SLM Corporation, more commonly known as Sallie Mae, is America’s leading provider of education funding, managing almost $89bn in student loans for more than 7m borrowers. The company primarily provides federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP). It also offers information and resources to help students, parents and guidance professionals with the financial aid process. Additionally, the group provides a range of financial services, processing capabilities and information technology to educational institutions, lenders, students and their families, and guarantee agencies.