A publicly traded corporation established by federal action that increases availability of educational loans by guaranteeing student loans traded in the secondary market. This corporation sells government-guaranteed bonds to raise funds for purchasing student loans from financial institutions.

A federally established, publicly traded corporation which buys student loans from colleges and other lenders, pools them and sells them to investors.

A government-sponsored corporation that purchases student loans on the secondary market.

Provides a secondary market for insured student loans made under the Guaranteed Student Loan Program. This private, for-profit corporation is also known as Sallie Mae.

The old name for Sallie Mae. See Sallie Mae in this glossary for more information.