To purchase student loans in the secondary market and to securitize pools of student loans, Congress created a government-sponsored enterprise commonly known as:
A) Fannie Mae.
B) Sallie Mae.
C) Freddie Mac.
D) Ginnie Mae.
E) None of the above.

Question

Quizplus · Accepted Answer

Sallie Mae, officially known as the Student Loan Marketing Association, was created by Congress to support the student loan market by purchasing student loans in the secondary market and securitizing pools of student loans.

To Purchase Student Loans in the Secondary Market and to Securitize