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TeachMeFinance.com - explain Student Loan Marketing Association (Sallie Mae) Student Loan Marketing Association (Sallie Mae) -- a federal government-sponsored private corporation created to increase the flow of funds into student loans by facilitating the purchase of student loans in the secondary market. It is commonly called Sallie Mae. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.