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SLM Corporation, commonly known as Sallie Mae, reports developments tied to private education lending, student-loan servicing and resources for families financing higher education. Company news includes updates to Sallie Mae Graduate Loan, Law School Loan, Medical School Loan and Dental School Loan products, repayment features, prequalification, scholarships through The Sallie Mae Fund, and research on college planning and education affordability.
Recurring announcements also cover quarterly financial results, guidance, senior-note and other capital-structure actions, shareholder voting matters, leadership appointments, and governance or legal-risk developments involving the Sallie Mae brand and its subsidiaries.
Sallie Mae (Nasdaq: SLM) has appointed William Wolf as its new Chief People Officer, effective March 28. He succeeds Bonnie Rumbold, who held the position since 2014. Wolf brings over 20 years of HR experience, previously serving at Santander U.S. and Credit Suisse. His role will focus on enhancing Sallie Mae's workplace culture and driving strategies for diversity and inclusion. CEO Jon Witter emphasized the importance of fostering a strong company culture during this pivotal moment for Sallie Mae as it evolves as an education solutions provider.
Sallie Mae (Nasdaq: SLM) has announced that its 2022 annual meeting of stockholders is set for June 21, 2022, at 1 p.m. ET. The meeting will be held virtually, and only stockholders on record as of April 22, 2022 can attend. Further details will be provided in the proxy statement to be filed with the Securities and Exchange Commission later in April. Sallie Mae focuses on providing financial support for education, helping customers achieve goals beyond college.
Sallie Mae (Nasdaq: SLM) has announced that CFO Steven McGarry will speak at the RBC Capital Markets Global Financial Institutions Conference on March 8, 2022, at 2 p.m. ET. A live audio webcast and replay, along with presentation slides, will be available on SallieMae.com/investors. The company is a leader in private student lending, aiming to enhance educational access and support lifelong learning. More information can be found on their official website.
Sallie Mae's new research titled "College Confidence: What America Knows About Paying for College" reveals that while 81% of college-bound juniors and seniors see higher education as beneficial, only 42% of families feel prepared to finance it. The study also shows that 11% of families feel knowledgeable about college financing options. In response to these findings, Sallie Mae has acquired Nitro College to enhance its resources, providing free tools and information to assist families planning for college costs.
Sallie Mae (Nasdaq: SLM) announced that CEO Jon Witter will present at the Credit Suisse Financial Services Forum on Thursday, Feb. 17, at 3:30 p.m. ET. Investors and interested parties can access the live audio webcast and replay, including presentation materials, at SallieMae.com/investors. Sallie Mae, a leader in private student lending, emphasizes the importance of education and lifelong learning.
Sallie Mae (Nasdaq: SLM) reported fourth-quarter GAAP net income of $305 Million or $1.04 per diluted share, matching full-year results of $1.2 Billion or $3.61 per diluted share. Non-GAAP "Core Earnings" also aligned at $306 Million for the quarter and $1.2 Billion for the year. Additionally, the Board approved a new $1.25 Billion share repurchase program and announced an acquisition of Nitro College, enhancing its digital marketing capabilities.
Sallie Mae (Nasdaq: SLM) has announced its acquisition of Nitro College from Epic Research LLC, enhancing its digital marketing and education solutions. This strategic move aims to provide students and families with innovative tools for navigating higher education financing. Nitro's resources, including financial aid tools and calculators, align with Sallie Mae's mission to support college affordability. The deal is expected to close in Q1 2022 and will expand Sallie Mae's market reach and product offerings.
Sallie Mae (Nasdaq: SLM) has announced a 2022 first-quarter dividend of $0.47772 per share for its Preferred Stock Series B and $0.11 per share for its common stock. Both dividends will be distributed on March 15, 2022, to shareholders on record as of March 4, 2022. This commitment reflects the company's confidence in its financial stability and ongoing support for its investors as the leader in private student lending.
The Sallie Mae Fund, in collaboration with Thurgood Marshall College Fund, has awarded 28 scholarships totaling nearly $250,000 through the Bridging the Dream Scholarship Program. This initiative, now in its sixth year, aims to support students from minority and underserved communities. With over 1,800 applications this year, scholarships can reach up to $10,000. The application period is open until Feb. 28, 2022.
Sallie Mae (Nasdaq: SLM) is set to release its fourth-quarter and full-year 2021 financial results on January 26, 2022, after market close. A live webcast and presentation will follow on January 27, 2022, at 8 a.m. ET. Investors can pre-register for the earnings call and access the earnings release via the Investor Relations section on SallieMae.com. The company emphasizes its commitment to financing education and lifelong learning.