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) will announce its second-quarter financial results after market close on July 21, 2021. A conference call is scheduled for July 22, 2021, at 8 a.m. ET, accessible via phone and a live audio webcast. Dial-in details include 877-311-0518 for US and Canada, and 470-495-9498 for international participants, using access code 4445949. A replay will be available shortly after the call and can be accessed until July 29, 2021. Sallie Mae, a recognized leader in private student lending, continues to support education and lifelong learning.
Sallie Mae (Nasdaq: SLM) announced that Chief Financial Officer Steven J. McGarry will present at the 2021 Barclays Americas Select Franchise Virtual Conference on May 18 at 9 a.m. ET. The event aims to highlight Sallie Mae's commitment to education and lifelong learning as a leader in private student lending.
A live audio webcast and presentation slides will be accessible on the company's investor relations website. Sallie Mae provides financing and resources to support access to college and beyond.
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.