Slm Corp Stock Price, News & Analysis

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.

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.