Definition of Sallie Mae in English:

Share this entry

Sallie Mae

Pronunciation: /ˌsalē ˈmā/
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.


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

Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.