Definition of Sallie Mae in English:

Sallie Mae

Syllabification: Sal·lie Mae
Pronunciation: /ˈsalē ˈmā
 
/
informal
The Student Loan Marketing Association, an agency that makes educational loans more widely available to college students.
More example sentences
  • 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.

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