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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) expanded its Graduate Loan and Law School Loan to increase access to private financing for master’s, doctoral, professional and law students on May 7, 2026. Loans offer competitive interest rates, no origination fees, prequalification with no credit impact, repayment flexibility, cosigner release, and 100% school-certified coverage.
The law loan includes a nine-month grace period and bar-study financing; the graduate loan offers a six-month grace period and deferment for internships, residencies, or fellowships.
Sallie Mae (Nasdaq: SLM) priced a public offering of $500 million aggregate principal amount of 6.495% fixed-to-floating rate senior notes due 2032, priced at par and expected to issue on May 15, 2026 subject to customary closing conditions.
The company intends to use net proceeds to fund a tender offer to purchase up to $500 million aggregate principal of its 3.125% notes due 2026, pay related fees and expenses, and repay any remaining 2026 notes at maturity.
Sallie Mae (Nasdaq: SLM) commenced a cash tender offer to purchase any and all of its outstanding 3.125% senior notes due Nov. 2, 2026, with $500,000,000 principal outstanding. The Purchase Price will be set by reference to a Treasury yield plus a +25 bp fixed spread, with the Tender Offer expiring May 12, 2026 and settlement currently expected May 15, 2026, subject to completion of a concurrent new senior debt offering.
Sallie Mae (Nasdaq: SLM) and Ipsos released How America Plans for College 2026 on May 5, 2026, reporting that 95% of high school students plan to continue education and 82% of families say higher education is worth the cost.
Key findings: average family college savings rose to $42,307, 64% of families have a plan (up from 54% in 2020), and 73% would rather borrow than forgo attendance. The study highlights planning gains alongside gaps in understanding loan timing and net costs.
Sallie Mae (Nasdaq: SLM) published College Decision Day guidance to help students and families evaluate college choices with finances and outcomes in mind. Advice covers evaluating outcomes, calculating full cost, maximizing scholarships and grants, and considering responsible private loans for any remaining gap. Free tools and resources are available at Sallie.com.
Sallie Mae (Nasdaq: SLM) donated $50,000 to Folds of Honor to expand scholarships for spouses and children of fallen and disabled U.S. service members during Military Appreciation Month.
Since 2014, The Sallie Mae Fund has given $635,000 to Folds of Honor, funding more than 100 scholarships; employees will also volunteer at the Wilmington VA Medical Center.
Summary not available.
Sallie Mae (Nasdaq: SLM) on April 27, 2026 named Chief Financial Officer Peter Graham and Chief Operational Officer Kerri Palmer as Co-Presidents, reporting to CEO Jon Witter. The pair will jointly align and execute company strategy and oversee commercial businesses after the recent retirement of the Chief Commercial Officer. Graham retains CFO duties plus oversight of strategic partnerships and emerging lines of business. Palmer remains head of Financial Services, leading private education loans, credit, and operations.
Sallie Mae (NASDAQ: SLM) released its first quarter 2026 financial results on April 23, 2026 and announced it has raised full-year 2026 diluted earnings per common share guidance.
Complete financial results, investor presentation materials and a replay of an April 23, 2026 earnings conference call are available on the company investor website and the SEC.
Sallie Mae (Nasdaq: SLM) declared second-quarter dividends: $1.4269028 per share on Preferred Stock Series B and $0.13 per common share. Both dividends are payable on June 15, 2026 to holders of record at the close of business on June 4, 2026.
Contact: media@salliemae.com; investors: IR@salliemae.com.