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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 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.
Sallie Mae (Nasdaq: SLM) has announced dividend payments for both its Preferred Stock Series B and common stock for the third quarter of 2024. The Preferred Stock Series B will receive a dividend of $1.8467034 per share, while the common stock dividend is set at $0.11 per share. Both dividends are scheduled to be paid on September 16, 2024, to stockholders of record as of the close of business on September 5, 2024.
Sallie Mae, a leader in private student lending, 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 achievement.
Sallie Mae (Nasdaq: SLM) will release its second-quarter 2024 financial results after the market closes on Wednesday, July 24, 2024.
A live audio webcast, along with presentation slides, will be accessible at SallieMae.com/investors on the same day at 5:30 p.m. ET. Investors are encouraged to log in at least 15 minutes prior to the broadcast.
A replay of the webcast will also be available on the website.
Sallie Mae is a leader in private student lending, committed to promoting education and lifelong learning by providing financing solutions and resources to support access to college and beyond.
The Sallie Mae Fund has announced a $100,000 grant to the Point Foundation, the largest scholarship organization for LGBTQ students. This grant will fund scholarships for LGBTQ students attending community colleges and support Point Foundation's mentorship, leadership, and professional development programs. The initiative aims to address the unique challenges faced by LGBTQ students, including financial difficulties and mental health issues. The scholarship program has grown significantly since its inception, now featuring a broad network of students and leaders across the country. Since 2020, Sallie Mae has contributed $350,000 to the Point Foundation.
The Sallie Mae Fund, in collaboration with the Thurgood Marshall College Fund, is offering $500,000 in scholarships for the 2024-2025 academic year through its Completing the Dream Scholarship program. This initiative aims to support 200 students from underserved communities by providing up to $2,500 each to cover unexpected educational costs. Applications are open until December 6, 2024, or until all funds are awarded. Since its inception in 2021, the scholarship has alleviated nearly $2 million in costs for students, predominantly those attending Historically Black Colleges and Universities (HBCUs). Dr. Harry Williams, CEO of Thurgood Marshall College Fund, and Nic Jafarieh, EVP of Sallie Mae, emphasize the scholarship's role in helping students graduate. Interested students can apply at salliemae.com/CompletingtheDream.
Sallie Mae (Nasdaq: SLM) announced that Chief Financial Officer Pete Graham will speak at the Morgan Stanley U.S. Financials, Payments, and CRE Conference on June 11 at 8 a.m. ET.
A live audio webcast and replay will be accessible at SallieMae.com/investors. Sallie Mae, a leader in private student lending, focuses on providing financial resources and support for college education and lifelong learning.
The event offers an opportunity for stakeholders to gain insights into the company's financial strategies and future prospects.
Donna Vieira, EVP and Chief Commercial Officer of Sallie Mae, was honored by Girls Inc. of NYC at their 25th annual 'Lifting Girls Up Gala and College Shower.' She received recognition for her contributions towards gender equity in corporate America. The event celebrated 25 exceptional high school seniors with college scholarships and announced a $25,000 donation from The Sallie Mae Fund to Girls Inc. of NYC. Vieira expressed her honor and aligned Sallie Mae's mission with that of Girls Inc. to empower young women. The event also highlighted Girls Inc.’s continued commitment to gender equality. Vieira’s previous recognitions include being named one of Savoy Magazine's 'Most Influential Black Executives in Corporate America.'
Sallie Mae (Nasdaq: SLM) announced that its Chief Financial Officer, Pete Graham, will speak at the TD Financial Services & Fintech Summit on Thursday, June 6, at 10:55 a.m. ET. The event will feature a live audio webcast and a replay available on SallieMae.com/investors. Sallie Mae, a leader in private student lending, emphasizes the importance of education and lifelong learning in achieving significant milestones. The company offers financing and resources to support college access and post-college goals. For more details, visit SallieMae.com.
Sallie Mae released its Environmental, Social, and Governance (ESG) report, highlighting its commitment to mission-aligned impact. The report details initiatives supporting customers, communities, employees, and the environment, including scholarships, research grants, investments in housing, social justice support, environmental impact reduction, workforce promotion, and recognition as a best workplace.
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