Welcome to our dedicated page for Slm news (Ticker: SLM), a resource for investors and traders seeking the latest updates and insights on Slm stock.
News for SLM Corporation (Nasdaq: SLM), commonly known as Sallie Mae, centers on its role in private student lending, education finance, and public company activities. The company focuses on originating and servicing Private Education Loans that are not made, insured, or guaranteed by state or federal governments, and it regularly issues updates that reflect this focus on education-related finance.
Visitors to this news page can find coverage of corporate and financial announcements, such as quarterly and full-year financial results, earnings conference calls, and dividend declarations on preferred and common stock. SLM Corporation also announces investor events, including investor forums and appearances at financial services conferences, where executives discuss company performance and strategy.
Another important category of news involves strategic partnerships and capital markets activity. For example, the company has announced a multi-year private credit strategic partnership with KKR, under which KKR expects to purchase portfolios of private education loans using KKR-managed credit funds and accounts. These items highlight how SLM Corporation manages funding and loan origination capacity in the private education loan market.
SLM Corporation also issues news related to scholarships, community programs, and financial literacy. Press releases describe scholarship awards through The Sallie Mae Fund’s Bridging the Dream Scholarship Program and Completing the Dream Scholarship Program, as well as guidance on topics such as scholarship myths and the FAFSA process. These updates reflect the company’s stated focus on expanding access, affordability, and college completion.
By following this page, readers can review a stream of company-issued news about SLM’s financial results, investor communications, partnerships, scholarship initiatives, and educational resources, all in one place.
Sallie Mae (Nasdaq: SLM) has appointed Kerri Palmer as Chief Operational Officer and President of Sallie Mae Bank, succeeding Dan Kennedy. Palmer, who previously held the position of Chief Risk Officer, will now oversee credit performance, underwriting, and customer service. With over 20 years of experience, including a background at Capital One, she aims to enhance operational efficiency. CEO Jon Witter emphasized her proven leadership during uncertain economic times.
Engageware has appointed Nina Vellayan as its new CEO, bringing over 25 years of experience in software and technology to the role. Vellayan is expected to lead the company's continued growth, capitalizing on its record annual recurring revenue and profitability. With a focus on enhancing customer engagement solutions for financial institutions and expanding into specialty retail, healthcare, and education, Engageware is well-positioned for future success. Previously, Vellayan held senior roles at various financial and technology firms, including COO of Official Payments (NASDAQ: OPAY) and CEO of Sallie Mae (NASDAQ: SLM).
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.