SLM is a holding company. Through its subsidiaries, Co. originates and services Private Education Loans. Private Education Loans are education loans for students or their families that are not made, insured or guaranteed by any state or federal government. Co. has expanded its offerings to include loan products for specific graduate programs of study including the Sallie Mae Law School Loan, the Sallie Mae MBA Loan, and the Sallie Mae Graduate School Loan. Co.'s Private Education Loans include protections for the family, including loan forgiveness in case of death or permanent disability of the student borrower and on-line tutoring services for borrowers with a Smart Option Student Loan.