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  September 5, 2001
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Home > Company Index > Financial Services > Consumer Loans > Nellie Mae Corporation

Nellie Mae Corporation
 PROFILE
Nellie Mae, a subsidiary of USA Education (formerly SLM Holding and still known as Sallie Mae), is a leading education loan grantor. The former New England Education Loan Marketing Corporation was not-for-profit, but it split off its not-for-profit operations as the Nellie Mae Foundation in 1998 and was bought by Sallie Mae the next year. Nellie Mae provides loans to students and parents and buys education loans from secondary lenders. Loan options include Federal Stafford, PLUS, and Consolidation loans. Nellie Mae also provides its own private loan programs (EXCEL, EXCEL Grad, and Grad Extension loans) for those unable to meet federal requirements or in need of additional loans.

 COMPETITION
Citigroup Inc. (C)
Student Loan Corporation (STU)
Wells Fargo & Company (WFC)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1997 Sales (mil.): 158.40
1-Yr. Sales Growth: 3.4%
Employees: 180
Revenue per employee: $880,000.00

 KEY PEOPLE
• John F. Marcus
    CEO
• John F. Remondi
    CFO

 CONTACT INFO
50 Braintree Hill Office Park, Ste. 300
Braintree, MA 02184
US
Phone: 781-849-1325
Fax: 781-849-6006
Online: Web Site

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