Sallie Mae Bank was created to make education loans to students and their families as part of Sallie Mae's overall education loan business. Established in 2005: -State-chartered Utah industrial bank -$100 million in capital -Member FDIC -Affiliate of Sallie Mae, Inc. Sallie Mae Bank funds loans under a variety of Sallie Mae education loan programs nationwide, including: -Private education loans such as Signature Student Loan®, LAWLOANS®, MBA LOANS®, EXCEL Education Loan®, Tuition Answer(SM) and
Private Consolidation Loan for attendance in degree granting programs at eligible undergraduate and graduate higher education institutions -Federally guaranteed student consolidation loans offered under the Federal Family Education Loan Program (FFELP) -Other education loans such as the Career Training Loan(r), Signature Loan for Community Colleges, Continuing Education Loan and K-12 Family Education Loan for attendance at select institutions and certificate-granting programs