Sallie Mae was created in 1972 as a government sponsored enterprise. https://en.wikipedia.org/wiki/Government-sponsored_enterprise https://en.wikipedia.org/wik

Sallie Mae was created in 1972 as a government sponsored enterprise. https://en.wikipedia.org/wiki/Government-sponsored_enterprise https://en.wikipedia.org/wiki/Government-sponsored_enterpris... It didn't become private until 2004, and wasn't expected to be private until 2008. It is much more than a private company with some Government support.