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About us SLM Financial Corporation is a wholly-owned subsidiary of SLM Corporation, a Fortune 500 company also commonly known as Sallie Mae, Inc. SLM Financial was founded in 1998 to serve new education and financial markets by offering private credit loans to consumers. The company provides education financing for kindergarten through high school, professional and technical training, part time education and distance learning. In addition, SLM Financial provides consumer loans in most states.