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