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SLM Corporation, commonly known as Sallie Mae, reports developments tied to private education lending, student-loan servicing and resources for families financing higher education. Company news includes updates to Sallie Mae Graduate Loan, Law School Loan, Medical School Loan and Dental School Loan products, repayment features, prequalification, scholarships through The Sallie Mae Fund, and research on college planning and education affordability.
Recurring announcements also cover quarterly financial results, guidance, senior-note and other capital-structure actions, shareholder voting matters, leadership appointments, and governance or legal-risk developments involving the Sallie Mae brand and its subsidiaries.
Sallie Mae (Nasdaq: SLM) will announce its third-quarter financial results after market close on October 26, 2022. A live audio webcast will take place on October 27, 2022, at 8 a.m. ET, where investors can access presentation slides and participate in a Q&A session. Pre-registration is required for those wishing to dial in. The earnings release will be available on SallieMae.com/investors, along with a replay of the webcast approximately two hours after the call.
FAFSA® Awareness is Low: A recent press release from Sallie Mae highlights that 75% of families are unaware of the FAFSA® opening date in October, and only 54% understand that all families can apply. Completing the FAFSA® is essential for accessing more than $112 billion in financial aid, including scholarships and grants. The release emphasizes the importance of early application to maximize aid opportunities, and it offers tips for families to successfully navigate the FAFSA® process, such as gathering necessary documents and checking deadlines.
Sallie Mae announces its title sponsorship of the HBCU Week 2022 College Fair, taking place on October 7 at Walt Disney World, attracting over 3,500 college-seeking students. The event highlights the role of HBCUs in education and career advancement. President of Delaware State University, Dr. Tony Allen, attended discussions on HBCUs' significance in higher education access.
The Sallie Mae Fund committed $3 million to support students from marginalized communities, with over $1.5 million already awarded.
Sallie Mae (Nasdaq: SLM) announced that CEO Jon Witter will present at the Barclays Global Financial Services Conference on Monday, Sept. 12, at 9 a.m. ET. A live webcast and replay, along with presentation slides, will be accessible via SallieMae.com/investors.
Sallie Mae focuses on education financing, aiming to help individuals access higher education and achieve their goals.
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The Sallie Mae Fund, in partnership with Thurgood Marshall College Fund, is offering up to $100,000 in scholarships for graduate students committed to social justice. The application period opens today and ends at 11:59 a.m. ET on October 1, 2022. Ten students will receive scholarships of up to $10,000 each for the 2022-2023 academic year. The initiative aims to support minority and underserved communities, reflecting a $3 million commitment by The Sallie Mae Fund to enhance access to higher education.
Sallie Mae (SLM) reported second-quarter financial results showing a GAAP net income attributable to common stock of $340 million, or $1.29 per diluted share. The company saw a 16% increase in private education loan originations, totaling $616 million. Additionally, Sallie Mae repurchased $360 million of common stock and completed $2.1 billion in private education loan sales, resulting in a $240 million gain.
Sallie Mae (Nasdaq: SLM) has declared a third-quarter 2022 dividend of $0.9463963 per share on its Preferred Stock Series B and a dividend of $0.11 per share on its common stock. Both dividends are set to be paid on September 15, 2022, to stockholders of record by September 2, 2022. As a leader in private student lending, Sallie Mae aims to facilitate education access and support customers in achieving their goals beyond college.
Sallie Mae (Nasdaq: SLM) will announce its second-quarter financial results after market closure on July 27, 2022. A live webcast with presentation slides will take place on July 28, 2022, at 8 a.m. ET. Investors are encouraged to log in 15 minutes early. The earnings release will be accessible on SallieMae.com/investors, with a replay expected two hours post-call. Sallie Mae is committed to facilitating education through private student lending solutions.
The Sallie Mae Fund and Thurgood Marshall College Fund are offering scholarships totaling up to $650,000 for the academic year 2022-23. These funds are aimed at supporting students from historically underserved communities to overcome financial barriers to completing their post-secondary education. Eligible students can receive up to $2,500 to address unforeseen expenses. The application period is open until May 31, 2023, or until funds are exhausted. The initiative is part of a broader $3 million commitment by the Sallie Mae Fund to assist students in achieving their educational goals.