You are correct that Sallie Mae is not a person. Sallie Mae is a publicly traded financial services company that provides student loans, education financing, and other financial products and services to students, families, and schools. The company was originally created in 1972 as a government-sponsored enterprise (GSE) to provide federally guaranteed student loans. In 2004, it was converted into a private company and is now a publicly traded corporation. Sallie Mae is one of the largest providers of student loans in the United States, and it offers a range of loan products, including undergraduate, graduate, and parent loans, as well as refinancing and consolidation options for borrowers. It also offers other education financing products and services, such as private student loans, college planning tools, and scholarship search services.
