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) announced a second-quarter dividend for 2021, declaring $0.03 per share for its common stock and $0.4828722 per share for its Preferred Stock Series B. Both dividends will be paid on June 15, 2021, to shareholders of record by June 4, 2021. This move reflects the company’s ongoing commitment to returning value to its investors while reinforcing its position as a leader in private student lending.
Sallie Mae (Nasdaq: SLM) announced its first-quarter 2021 financial results, which can be explored in detail on their investor website. The company is set to hold a conference call on April 22, 2021, at 8 a.m. ET, where executives will discuss the quarter's highlights and address questions regarding performance. This call will also be available for replay until May 6, 2021. As a leader in private student lending, Sallie Mae emphasizes the importance of education and lifelong learning in achieving personal goals.
MPOWER Financing, a fintech platform focused on educational loans, has formed a strategic partnership with Sallie Mae to enhance access to higher education for international and DACA students. This collaboration aims to provide better education financing solutions and is bolstered by a recent $30 million investment from Tilden Park Capital Management and Education Testing Services (ETS). Both companies seek to support nearly 500,000 DACA students and 1.1 million international students in the U.S. by broadening their financing options.
Sallie Mae (Nasdaq: SLM) will release its first-quarter financial results on April 21, 2021, following the market close. The company will conduct a conference call on April 22, 2021, at 8 a.m. ET, accessible via phone or through a live audio webcast. Sallie Mae emphasizes the importance of education and provides financing solutions for students, helping them achieve their academic goals. Further details can be found on their investor relations website. A replay of the call will be available until May 6, 2021.
Sallie Mae (Nasdaq: SLM) announced the immediate appointment of Ted Manvitz to its board of directors. With over 20 years of experience, including a decade at IHS Holding Plc, where he played a crucial role in its transformation into a leading telecommunications infrastructure developer, Manvitz brings valuable expertise. His roles included chief operating officer and chief financial officer. The board chair emphasized that Manvitz's diverse experience will strengthen the company’s strategic focus and enhance its capacity to deliver for customers.
Sallie Mae (Nasdaq: SLM) has completed its modified Dutch Auction tender offer, purchasing up to $1 billion of its common stock. The Offer, which expired on March 10, 2021, resulted in the acceptance of 28,502,460 shares at a price of $16.50 each, totaling approximately $470.3 million. This represents 7.8% of the outstanding shares as of March 9, 2021. Payments for the accepted shares will be processed by Computershare on March 16, 2021.
Sallie Mae (Nasdaq: SLM) announced the expiration of its modified Dutch Auction tender offer to purchase up to $1 billion of its common stock. The offer expired on March 10, 2021, with preliminary results indicating that 28,521,008 shares were properly tendered at a price of $16.50 per share, totaling about $470.6 million. The company expects to purchase all validly tendered shares without proration. Payment for accepted securities will follow shortly after the confirmation process by the depositary.
This spring, colleges are sending financial aid offers to students who submitted the Free Application for Federal Student Aid (FAFSA), outlining the aid they may qualify for. A study indicates that only 25% of families found these offers easy to understand. To assist families, Sallie Mae provides tips to evaluate these offers, such as organizing information, understanding the terminology, and negotiating for better aid. Remarkably, 67% of families who appealed for more aid last year received additional support. For more details, visit SallieMae.com/FinancialAidOffers.
Sallie Mae (Nasdaq: SLM) announced its annual meeting of stockholders is set for June 8, 2021, at 1 p.m. ET, to be held virtually. Stockholders of record as of April 12, 2021, will have access. Details will follow in the proxy statement to be filed with the SEC in late April. As a leader in private student lending, Sallie Mae aims to provide financial support and resources for education, contributing to lifelong learning and goal achievement.
Sallie Mae (Nasdaq: SLM) is amending its tender offer to buy up to $1 billion of its common stock. The revised offer price is now set between $14.40 and $16.50 per share, an increase from the previous range of $13.10 to $15.00. The expiration date for the offer is extended to March 10, 2021. Stockholders who have already tendered shares do not need to take further action unless they wish to change their tender. As of Feb. 24, 2021, approximately 194 shares have been tendered. The offer is not contingent on financing or a minimum number of shares being tendered.