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It expanded into also including VA-backed mortgages after World War II.
Currently, it is a government sponsored enterprise whose main purpose is to ensure the availability of money for mortgage lenders so that affordable home ownership is possible for as many people as possible.
Most people confuse it with Sallie Mae which provides federally insured student loans under the Federal Family Education Loan Program (FFELP).We do not charge fees for access to such programs, only to prepare and counsel relating to such applications programs. STUDENT LOANS OF AMERICA, SLA and their logos are trademarks and service marks are owned by Student Loans of America.Services may be fulfilled by a third party processing agency. All other trademarks used on this site are the property of their respective owners.Refinancing your debts, and consolidating them into one low-interest loan may help make your month-to-month payments easier, and save you thousands of dollars over the lifespan of the loan.Fannie Mae was chartered in 1934 as an FHA insured mortgage organization.
Contact a Student Loan Advisor at the Student Loans of America for a free no cost or obligation consultation.