Student Loan Marketing Association

noun

a U.S. government–chartered private company whose chief function is to make available to qualified students low-cost loans backed by government agencies through lending institutions. Abbreviation: SLMA

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Loan, Lend, Loaned, and Lent

The words loan and loaned are the present and past tenses of to loan. Lend and lent are the present and past tenses of to lend. As verbs, loan and lend are often used interchangeably. For example, “A bank loans people money to buy a home. It also lends borrowers money to buy a car.” Loan and lend also have identical meanings when they’re used …

Also called Sallie Mae.