Sallie Mae is a well-known student loan company that provides private loans to students and graduates in a number of degree programmes. Sallie Mae is a publicly listed firm in the United States that is a leading provider of private student loans. Sallie Mae has $20.5 billion in private student loans as of the third quarter of 2021. Another $703 million was held in federal student loans under the presently Federal Family Education Loan (FFEL) Program. It was a private, for-profit organisation that was subject to government laws.