Share this entry

Share this page

Sallie Mae

Syllabification: Sal·lie Mae
Pronunciation: /ˌsalē ˈmā
 
/
informal

Definition of Sallie Mae in English:

The Student Loan Marketing Association, an agency that makes educational loans more widely available to college students.
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.

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day prepotent
Pronunciation: ˌprēˈpōtnt
adjective
greater than others in power or influence