Slm Corp Stock Price, News & Analysis

Sallie Mae (Nasdaq: SLM) reported a third-quarter 2021 GAAP net income of $72 million, or $0.24 per diluted share. In addition, the company recorded core earnings of $74 million, matching GAAP earnings.

Private education loan originations rose by 10% year-over-year, reaching $2.1 billion for the quarter, though first nine-month originations saw a slight decline of 0.2% to $4.7 billion.

The Board approved a $250 million increase to the stock repurchase program and declared a fourth-quarter dividend of $0.11 per share.

The Sallie Mae Fund is offering $100,000 in scholarships for current graduate students from underserved communities, including minorities and first-generation college students. Applications are open until Oct. 25, 2021, at 12 p.m. ET. Applicants must submit a video showcasing their commitment to advancing social justice. The initiative, now in its sixth year, is in partnership with the Thurgood Marshall College Fund and aims to empower future leaders in education.

Sallie Mae (Nasdaq: SLM) will publish its third-quarter financial results on October 20, 2021, post-market. A live audio webcast and presentation will follow on October 21 at 8 a.m. ET. Investors can access earnings details via the investor relations website. Pre-registration for the conference call is available, and a replay will be accessible two hours after the event. Sallie Mae is a leader in private student lending, facilitating access to education and lifelong learning.

Just 68% of College Families Filed the FAFSA Last Year, with many citing the form’s complexity and time required. Families missed out on over $150 billion in potential aid, with 44% believing they wouldn't qualify. To assist, Sallie Mae launched a free FAFSA application tool, allowing students to complete it in as little as seven minutes. Tips provided include early filing, gathering necessary documents, and filing special circumstances for financial changes due to COVID-19. For more information, visit SallieMae.com.

Sallie Mae (Nasdaq: SLM) announced that CEO Jon Witter will present at the 2021 Barclays Global Financial Services Conference on Monday, Sept. 13, at 10:30 a.m. ET. The event will be held virtually, and live audio access along with a replay will be available at SallieMae.com/investors.

Sallie Mae emphasizes education as a pathway to achieving life goals and provides financial solutions to support students.

Sallie Mae (Nasdaq: SLM) announces a third-quarter dividend for 2021 of $0.46460 per share on its Preferred Stock Series B and $0.03 per share on its common stock. Dividends will be paid on Sept. 15, 2021, to shareholders of record as of Sept. 3, 2021. The company continues to support education financing and access to college, positioning itself as a leader in private student lending, helping customers reach their educational goals.