Slm Corp Stock Price, News & Analysis

Sallie Mae (Nasdaq: SLM) announced the appointment of R. Scott Blackley to its board of directors, effective immediately. Blackley, currently Chief Financial Officer at Oscar Health, brings extensive expertise in financial services, strategy, and operations. His past roles include CFO at Capital One, where he served from May 2016 to March 2021. The board chair, Carter Franke, expressed confidence in Blackley’s ability to contribute to the company's strategic priorities.

Sallie Mae has awarded the Bridging the Dream Scholarship to 25 high school seniors from diverse backgrounds, providing each with $10,000 to support their higher education goals. The recipients were chosen from over 1,000 applicants and are recognized for their academic and extracurricular achievements. This initiative is part of a $3 million commitment by the Sallie Mae Fund to increase access to education for underserved communities. The program aims to address the financial barriers faced by low-income students.

Sallie Mae (Nasdaq: SLM) reported third-quarter financial results revealing a $73 million net income attributable to common stock, translating to $0.29 per diluted share. The company's private education loan originations rose by 13% year-over-year to $2.4 billion. Additionally, Sallie Mae completed $1.0 billion in private education loan sales, resulting in a $75 million gain during the quarter. The earnings conference call is scheduled for Oct. 27, 2022 at 8 a.m. ET.

Sallie Mae (Nasdaq: SLM) announced a fourth-quarter dividend for 2022 of $1.3102559 per share for its Preferred Stock Series B and $0.11 per share for its common stock. These dividends will be paid on December 15, 2022, to stockholders of record as of the close of business on December 2, 2022. Sallie Mae, the leader in private student lending, focuses on facilitating access to education and providing financial products to help customers achieve their goals.

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.