SLM, known colloquially as Sallie Mae (NASDAQ:SLM), specializes in creating, servicing, and collecting student loans. Its operations primarily focus on offering private education loans to students and their families, helping bridge the gap that federal funding does not cover. Beyond its core student loan services, Sallie Mae also provides planning tools for college-bound students, including scholarship search tools and college planning advice. In line with its objectives to enhance educational access, SLM is deeply involved in financial literacy projects aimed at educating borrowers about financial management and the responsibilities of taking out loans. The company's mission revolves around facilitating the dream of higher education by providing resources, loan products, and services that are tailored to meet the needs of students and families across the United States.