Welcome to our dedicated page for SLM Corporation news (Ticker: SLM), a resource for investors and traders seeking the latest updates and insights on SLM Corporation stock.
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 appointed Samuel Ramsey to its board of directors, bringing over 30 years of experience in financial services and risk management. Previously, he served as Chief Risk Officer at Chase and Ally Financial, and held executive roles at Bank of America. Chairman Carter Franke stated that Ramsey's expertise will bolster the company's risk and compliance functions, essential for its success. This strategic appointment aims to strengthen leadership in an increasingly complex financial environment.
Sallie Mae has launched a free scholarship search tool containing 6 million scholarships worth up to
Sallie Mae (Nasdaq: SLM) has announced an increase in its fourth-quarter dividend for 2021, raising it from $0.03 to $0.11 per share for common stockholders. Additionally, the Preferred Stock Series B dividend is set at $0.45955 per share. Both dividends will be payable on December 15, 2021, to stockholders on record as of the close of business on December 3, 2021. This move reflects the company's commitment to shareholder returns amidst its position as a leader in private student lending.
Sallie Mae (Nasdaq: SLM) reported a third-quarter 2021 GAAP net income of
Private education loan originations rose by 10% year-over-year, reaching
The Board approved a $250 million increase to the stock repurchase program and declared a fourth-quarter dividend of
The Sallie Mae Fund is offering $100,000 in scholarships for current graduate students from underserved communities, including minorities and first-generation college students. Applications are open until
Sallie Mae (Nasdaq: SLM) will publish its third-quarter financial results on
Just 68% of College Families Filed the FAFSA Last Year, with many citing the form’s complexity and time required. Families missed out on over
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