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SLM Corporation (NASDAQ: SLM), widely known as Sallie Mae, is a leading financial services company in the United States, specializing in saving, planning, and paying for college education. Founded with the mission to provide students and families with tools to achieve their educational goals, Sallie Mae offers a range of products and services aimed at promoting responsible personal finance.
Sallie Mae's core business revolves around private education loans, catering to students who need financial assistance beyond federal loan programs. As the largest student lender in the nation, the company plays a pivotal role in the education financing sector, making and holding student loans through both the guaranteed Federal Family Education Loan Program and private channels.
In addition to their loan services, Sallie Mae provides valuable financial planning tools and resources. These include the Upromise rewards program, which offers cashback on everyday purchases to help families save for college, and a comprehensive scholarship search tool designed to aid students in finding additional funding opportunities. The company also runs college savings programs that encourage families to start planning for education costs early.
Moreover, Sallie Mae engages in debt-management operations, offering accounts receivable and collections services to support effective financial management. Their online retail banking services further extend their commitment to fostering financial literacy and responsibility among their customers.
Recent achievements highlight Sallie Mae's ongoing dedication to innovation and customer service. The company has launched several new initiatives to enhance user experience and streamline the loan application process. Financially, Sallie Mae remains robust, demonstrating consistent performance through strategic partnerships and a diversified portfolio of services.
Despite common misconceptions, SLM Corporation and its subsidiaries operate independently and are not sponsored by or agencies of the United States government. This independence allows Sallie Mae to tailor its products and services to better meet the needs of its clientele.
For those seeking the latest updates and relevant information about Sallie Mae's performance, events, and developments, staying informed through their official website and news releases is highly recommended. Learn more about their offerings and latest news at salliemae.com.
Sallie Mae (Nasdaq: SLM) has announced that Chief Financial Officer Pete Graham will present at the Bank of America Securities 2025 Financial Services Conference on Wednesday, February 12, at 12:10 p.m. ET. The presentation will be accessible through a live audio webcast, with a replay available at SallieMae.com/investors.
As the leading private student lending institution, Sallie Mae focuses on providing financing solutions and expertise to support college access while offering products and resources for post-college goals. The company operates independently and is not sponsored by or affiliated with United States government agencies.
Sallie Mae (Nasdaq: SLM) has announced that Chief Financial Officer Pete Graham will present at the 2025 UBS Financial Services Conference on Monday, February 10, at 12:10 p.m. ET. The presentation will be accessible through a live audio webcast, with a replay available at SallieMae.com/investors.
As the leading private student lending institution, Sallie Mae focuses on providing financing solutions and expertise to support college access while offering products and resources for post-college goals and experiences. The company operates independently and is not sponsored by or affiliated with United States government agencies.
Sallie Mae (Nasdaq: SLM), the leading private student lending company, has announced its fourth-quarter and full-year 2024 financial results. The company will host an earnings conference call on January 23, 2025, at 5:30 p.m. ET, where executives will discuss quarterly highlights and answer questions about the company's performance.
The complete financial results and related materials are available on Sallie Mae's investor website and the SEC's website. The earnings call will include a live audio webcast and presentation slides, with a replay available approximately two hours after the call's conclusion.
Sallie Mae (Nasdaq: SLM) has announced dividend payments for both its Preferred Stock Series B and common stock for the first quarter of 2025. The company will pay a dividend of $1.5951112 per share on its Preferred Stock Series B and $0.13 per share on its common stock. Both dividends are scheduled for payment on March 17, 2025, to stockholders of record as of the close of business on March 5, 2025.
Sallie Mae, the leader in private student lending, provides financing and resources to support college access and helps customers achieve their post-college goals through various products and services.
Sallie Mae (Nasdaq: SLM) has announced the appointment of Henry Greig to its board of directors, effective January 12, 2025. Greig brings extensive experience in financial services, risk management, strategy, and operations from his previous roles at Synchrony Financial (2014-2023) where he served as Chief Credit Officer, Chief Risk Officer, and Executive Vice President. Prior to that, he worked at GE Capital (1988-2014) as Senior Vice President and Chief Risk Officer for Retail Finance North America.
Greig holds a Bachelor of Arts in Mathematics from Bowdoin College and a Master of Science in Applied Mathematics from Rensselaer Polytechnic Institute. Board Chair Carter Franke highlighted that Greig's deep background in risk management will enhance the board's capabilities as they focus on delivering strategic priorities for customers and shareholders.
Sallie Mae (Nasdaq: SLM), the leading private student lending company, has scheduled the release of its fourth-quarter and full-year 2024 financial results after market close on Thursday, January 23, 2025. The company will host a live audio webcast with presentation slides, accessible through SallieMae.com/investors and their hosting website.
Investors are advised to log in at least 15 minutes before the broadcast begins. The earnings news release will be available on the company's investor relations website, and a replay of the webcast will be provided for those unable to attend the live presentation.
Sallie Mae (SLM) announces that the Free Application for Federal Student Aid (FAFSA) for academic year 2025-26 is now available, providing access to over $100 billion in scholarships, grants, and federal financial aid. Key findings reveal that 26% of families skipped FAFSA last year, including one-quarter of families earning under $100,000 who mistakenly believed they made too much money to qualify.
The company emphasizes the importance of early FAFSA completion, as some aid is awarded on a first-come, first-served basis. To assist families, Sallie Mae provides free resources including: step-by-step FAFSA guides, webinars in English and Spanish, and a scholarship search tool. Important tips include creating an FSA ID early, knowing submission deadlines, filing annually, and avoiding common application errors.
Sallie Mae (SLM) highlights the importance of scholarships during National Scholarship Month, revealing that 64% of families used scholarships for education costs in 2023-2024. Despite this, misconceptions persist with 52% of families believing scholarships are only for exceptional students. Key barriers include lack of awareness (50%), doubt in winning (32%), and required effort (21%). The company provides free tools like Scholarship Search and has awarded nearly $4 million through its Bridging the Dream Scholarship Program in partnership with Thurgood Marshall College Fund.
Sallie Mae (Nasdaq: SLM) announced a $50,000 grant through The Sallie Mae Fund to Folds of Honor, supporting scholarships for children and spouses of fallen and disabled military servicemembers. Since 2014, The Sallie Mae Fund has contributed over $535,000, helping more than 100 Folds of Honor families access higher education. The company maintains year-round support for veterans and servicemembers through specialized customer service teams and educational resources.
Sallie Mae (SLM) has awarded $400,000 in Bridging the Dream Scholarships to 40 high school students, providing $10,000 each to support higher education access. The scholarships, awarded in partnership with Thurgood Marshall College Fund, target students from under-resourced and underrepresented communities. Thirty recipients are attending Historically Black Colleges and Universities. Since 2021, The Sallie Mae Fund has awarded nearly $4 million in scholarships to support college access and completion for underrepresented students.