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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's new research titled "College Confidence: What America Knows About Paying for College" reveals that while 81% of college-bound juniors and seniors see higher education as beneficial, only 42% of families feel prepared to finance it. The study also shows that 11% of families feel knowledgeable about college financing options. In response to these findings, Sallie Mae has acquired Nitro College to enhance its resources, providing free tools and information to assist families planning for college costs.
Sallie Mae (Nasdaq: SLM) announced that CEO Jon Witter will present at the Credit Suisse Financial Services Forum on Thursday, Feb. 17, at 3:30 p.m. ET. Investors and interested parties can access the live audio webcast and replay, including presentation materials, at SallieMae.com/investors. Sallie Mae, a leader in private student lending, emphasizes the importance of education and lifelong learning.
Sallie Mae (Nasdaq: SLM) reported fourth-quarter GAAP net income of
Sallie Mae (Nasdaq: SLM) has announced its acquisition of Nitro College from Epic Research LLC, enhancing its digital marketing and education solutions. This strategic move aims to provide students and families with innovative tools for navigating higher education financing. Nitro's resources, including financial aid tools and calculators, align with Sallie Mae's mission to support college affordability. The deal is expected to close in Q1 2022 and will expand Sallie Mae's market reach and product offerings.
Sallie Mae (Nasdaq: SLM) has announced a 2022 first-quarter dividend of $0.47772 per share for its Preferred Stock Series B and $0.11 per share for its common stock. Both dividends will be distributed on March 15, 2022, to shareholders on record as of March 4, 2022. This commitment reflects the company's confidence in its financial stability and ongoing support for its investors as the leader in private student lending.
The Sallie Mae Fund, in collaboration with Thurgood Marshall College Fund, has awarded 28 scholarships totaling nearly
Sallie Mae (Nasdaq: SLM) is set to release its fourth-quarter and full-year 2021 financial results on
Epidemic Sound announces the appointment of Andrew Fisher, former CEO of Shazam, as the new Chairperson of the Board, succeeding Vania Schlogel, who will remain a board director. Fisher's extensive experience in the music technology sector and leadership roles at companies like Rightmove and Marks and Spencer are seen as assets for the company's growth. The recent board expansion, including new directors Kirsten Wolberg and Adrienne Gormley, aims to strengthen the company's position in the creator economy and foster further development.
Sallie Mae Fund announced grants of $125,000 each to Hispanic Association of Colleges and Universities (HACU) and Point Foundation, part of a $4.5 million multi-year commitment to enhance higher education access for minority students. The fund has contributed $500,000 over two years, supporting programs promoting social justice and educational equity. Recognized by HACU for philanthropic efforts, Sallie Mae aims to empower underserved communities through grants and scholarships, ensuring a broader access to higher education opportunities.
Sallie Mae (Nasdaq: SLM) announces that CEO Jon Witter will deliver a presentation at the Stephens Annual Investment Conference on
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