A publicly traded corporation, also known as a publicly held corporation, is a company that has sold a portion of itself to the public via the issuance of stock on a stock exchange, allowing for liquidity and access to capital.
SLM Corporation, commonly known as Sallie Mae, is a publicly traded corporation that guarantees student loans and is actively traded on the secondary market. It purchases student loans from originating financial institutions and provides financing to state student loan agencies.
