Appleton City, Missouri. Appleton City is a city in St. Clair County, Missouri, United States. The population was 1,127 at the 2010 census.
Fannie Mac was established in 1938. It's name comes from the abbreviation of the original name Federal National Mortgage Association (FNMA). People started calling it Fannie Mae and the name has stuck. In fact, it's now the official name of the corporation. Freddie Mac comes from Federal Home Loan Mortgage Corporation (FHLMC). A bit of a stretch but that's what it's from. Freddie Mac was established in 1970. Sallie Mae is similar...Student Loan Marketing Association (SLMA). It was established in '72 with federal backing but has since severed ties with the government and is a stand-alone corporation since '04.
Some schools allow a student to request that Sallie Mae disburse the student's funds directly to her and not to the school. In this case the school may either issue a check, send an electronic transfer, pay the student in cash or sign over Sallie Mae's loan check to the student. Because both the school and the student are often listed as beneficiaries on loan checks, the signatures of both may be required to release the funds.