SLMBP Description — SLM Corp.
SLM is a saving, planning and paying for education company. Co.'s primary business is to originate, service and collect loans it makes to students and/or their parents to finance the cost of their education. Co. provides servicing, loan default aversion and defaulted loan collection services for loans owned by other institutions, including the Department of Education. Co.'s operating business segments includes the Consumer Lending segment, the Business Services segment and the Federal Family Education Loan Program Loans segment. At Dec 31 2011, Co. had total assets of $193.35 billion.