Slm Corp - SLM STOCK NEWS

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.

Sallie Mae (Nasdaq: SLM) announced its third-quarter 2024 financial results and increased its fourth-quarter common stock dividend from $0.11 to $0.13 per share. The company also declared a fourth-quarter dividend of $1.7448719 per share on its Preferred Stock Series B. Both dividends will be paid on December 16, 2024, to stockholders of record as of December 5, 2024. The company, a leader in private student lending, will host an earnings conference call on October 23, 2024, at 5:30 p.m. ET to discuss quarterly highlights.

The Sallie Mae Fund has announced a $200,000 contribution to HBCU Week Foundation to support higher education access at Historically Black Colleges and Universities (HBCUs). As the presenting sponsor, Sallie Mae will support HBCU Week College Fairs in Wilmington, Del. on Sept. 27 and Orlando, Fla. on Oct. 24. These events connect prospective students with schools, scholarships, and on-the-spot college acceptances.

The company will provide free tools and resources, including Scholarship Search by Sallie and a guide for completing the FAFSA. Sallie Mae has also announced a $1 million research endowment to Delaware State University for a three-year 'Persistence and Completion Pilot Program' to study barriers to degree completion. Since 2021, their Completing the Dream Scholarship has eliminated nearly $2 million in unexpected costs for students, 98% of whom attend HBCUs.

Sallie Mae (Nasdaq: SLM), a leader in private student lending, announced that Chief Financial Officer Pete Graham will speak at the Barclays Global Financial Services Conference on Tuesday, Sept. 10, at 10:30 a.m. ET. A live audio webcast and replay will be available on the company's investor relations website.

Sallie Mae provides financing and resources to support access to college and help customers achieve their goals beyond higher education. The company emphasizes its commitment to education and life-long learning as catalysts for personal growth and success.

Sallie Mae is not sponsored by or an agency of the United States government, despite its common name. The company offers products and services to help individuals finance their educational pursuits and realize new opportunities after college.

Sallie Mae and Ipsos released the 'How America Pays for College 2024' report, revealing that families spent an average of $28,409 on college for the 2023-24 academic year, similar to the previous year. 48% of expenses were covered by income and savings. While 74% of families completed the FAFSA® for 2023-2024, only 29% found the new FAFSA® for 2024-2025 easier to complete. Despite challenges, 88% of families view college as an investment in their child's future. 59% had a plan to pay for college before enrollment. 49% of families reported borrowing for college, up from 41% last year. Scholarships and grants were used by 80% of families, covering 27% of costs.

Sallie Mae (Nasdaq: SLM) has released its second-quarter 2024 financial results. The company, a leader in private student lending, will host an earnings conference call on July 24, 2024, at 5:30 p.m. ET to discuss quarterly highlights and answer performance-related questions. Investors and interested parties can access the live audio webcast and presentation slides at www.SallieMae.com/investors.

Sallie Mae provides financing and resources to support college access and helps customers achieve post-college goals. The company emphasizes that it and its subsidiaries are not sponsored by or agencies of the United States government. Detailed financial results and materials are available on Sallie Mae's investor website and the SEC's website.