is sallie mae backed by the federal government
Sallie Mae SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S.[2] corporation that provides consumer banking. Its nature has changed dramatically since it was set up in 1973. At first, it was a government entity that serviced federal education loans. It then became private and started offering private student loans, although at one point it had a contract to service federal loans.
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United States Secretary of Labor Alexander Acosta is the current U.S. Secretary of Labor since April 28, 2017.