For a symmetric distribution (where the median equals the midhinge, the average of the first and third quartiles), half the IQR equals the median absolute deviation (MAD). The median is the corresponding measure of central tendency. Identification of outliers (see below).
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. 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.
Federal resources, and set goals to largely eliminate Sallie Maeâs and the private-sectorâs. involvement in the Federal student loan program. Also in 1993, Congress imposed on SLMA a special fee, called an offset fee, of 30 basis. points on new federally guaranteed student loans that SLMA acquired for its portfolio.